Raiffeisen Bank International AG Raises Stake in HP Inc. $HPQ

Raiffeisen Bank International AG raised its holdings in HP Inc. (NYSE:HPQ) by 28.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 140,461 shares of the computer maker’s stock after purchasing an additional 31,090 shares during the quarter. Raiffeisen Bank International AG’s holdings in HP were worth $3,180,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in HP during the 2nd quarter worth approximately $2,357,757,000. State Street Corp increased its holdings in shares of HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. Geode Capital Management LLC increased its holdings in shares of HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after purchasing an additional 274,033 shares during the period. Primecap Management Co. CA purchased a new stake in shares of HP during the second quarter worth approximately $545,984,000. Finally, Invesco Ltd. lifted its holdings in shares of HP by 31.7% during the fourth quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after purchasing an additional 3,671,511 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Up 2.3%

NYSE:HPQ opened at $32.66 on Friday. The firm’s fifty day simple moving average is $27.21 and its 200-day simple moving average is $23.19. The stock has a market cap of $29.45 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $32.78.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities analysts anticipate that HP Inc. will post 3.23 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 3.7%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 45.80%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HPQ shares. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. TD Cowen upped their price objective on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th. The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. UBS Group boosted their price target on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 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. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $25.17.

Insider Activity at HP

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

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.