Erste Asset Management GmbH Raises Stock Holdings in HP Inc. $HPQ

Erste Asset Management GmbH boosted its holdings in HP Inc. (NYSE:HPQ) by 85.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 336,300 shares of the computer maker’s stock after purchasing an additional 154,900 shares during the period. Erste Asset Management GmbH’s holdings in HP were worth $7,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IHT Wealth Management LLC boosted its holdings in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares during the last quarter. Vident Advisory LLC boosted its holdings in HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after purchasing an additional 444 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in HP by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock valued at $585,000 after purchasing an additional 459 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in HP by 0.9% in the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock valued at $1,387,000 after purchasing an additional 470 shares during the last quarter. Finally, Vise Technologies Inc. boosted its holdings in HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $25.36 on Tuesday. The business’s fifty day moving average price is $21.53 and its 200 day moving average price is $21.22. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The stock has a market capitalization of $23.19 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 4.32 and a beta of 1.16.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, research analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th 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 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio is presently 44.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Barclays upped their price objective on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. UBS Group upped their price objective on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America upped their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. Finally, TD Cowen raised their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, HP presently has a consensus rating of “Reduce” and a consensus price target of $23.33.

About HP

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.