HP Inc. $HPQ Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich raised its position in HP Inc. (NYSE:HPQ) by 117.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,338 shares of the computer maker’s stock after acquiring an additional 129,604 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in HP were worth $4,617,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its holdings in HP by 13.1% in the 2nd quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after buying an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in 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 in the last quarter. Daiwa Securities Group Inc. increased its holdings in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after purchasing an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of HP by 70.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock valued at $17,894,000 after buying an additional 302,578 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in shares of HP during the second quarter worth approximately $233,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Price Performance

HPQ opened at $23.78 on Thursday. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65. The stock has a market cap of $21.75 billion, a P/E ratio of 8.78, a P/E/G ratio of 3.87 and a beta of 1.19. The stock’s 50 day moving average price is $23.29 and its 200 day moving average price is $21.04.

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

HP Dividend Announcement

The business 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is 44.28%.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group upped their price objective on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd. TD Cowen lifted their target price on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has an average rating of “Reduce” and an average price target of $23.33.

Insider Buying and Selling at HP

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

HP 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.