Commerzbank Aktiengesellschaft FI Acquires 1,985,381 Shares of HP Inc. $HPQ

Commerzbank Aktiengesellschaft FI boosted its stake in HP Inc. (NYSE:HPQ) by 1,462.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,121,132 shares of the computer maker’s stock after purchasing an additional 1,985,381 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in HP were worth $40,747,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in shares of HP in the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in HP during the fourth quarter worth $26,000. SHP Wealth Management bought a new position in HP in the 4th quarter valued at about $26,000. Union Savings Bank bought a new stake in HP during the fourth quarter worth $28,000. Finally, DV Equities LLC purchased a new stake in shares of HP in the fourth quarter valued at about $29,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

HP Stock Down 2.4%

NYSE HPQ opened at $24.25 on Tuesday. The firm has a market cap of $22.18 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 4.19 and a beta of 1.19. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The company has a 50 day moving average price of $23.81 and a 200 day moving average price of $21.11.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter last year, the company earned $0.71 EPS. The business’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is presently 44.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. TD Cowen increased their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Barclays raised their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP currently has an average rating of “Reduce” and an average target price of $23.33.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.