Commerzbank Aktiengesellschaft FI Takes $80.59 Million Position in HP Inc. $HPQ

Commerzbank Aktiengesellschaft FI acquired a new position in shares of HP Inc. (NYSE:HPQ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,673,187 shares of the computer maker’s stock, valued at approximately $80,590,000. HP comprises about 1.6% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also added to or reduced their stakes in HPQ. Baird Financial Group Inc. lifted its stake in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of HP by 2.7% during the 2nd quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after purchasing an additional 551 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock valued at $3,555,000 after buying an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after buying an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC bought a new stake in HP in the 2nd quarter worth approximately $233,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

HPQ opened at $29.41 on Tuesday. The stock’s 50 day simple moving average is $25.38 and its 200 day simple moving average is $22.13. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 5.08 and a beta of 1.17. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 4.1%. HP’s dividend payout ratio is presently 44.28%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group boosted their price objective on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Bank of America upped their price objective on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company boosted their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has a consensus rating of “Reduce” and a consensus price target of $23.50.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares of the company’s stock, valued at $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is owned by company insiders.

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.