Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 214,337 HP Inc. $HPQ

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of HP Inc. (NYSE:HPQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 214,337 shares of the computer maker’s stock, valued at approximately $5,836,000.

Other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. increased its stake in HP by 14.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock valued at $77,000 after purchasing an additional 367 shares in the last quarter. Auxano Advisors LLC boosted its position in HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after purchasing an additional 391 shares in the last quarter. IHT Wealth Management LLC boosted its position in HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after purchasing an additional 398 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in HP by 42.9% in the third quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after purchasing an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in HP by 6.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock valued at $173,000 after purchasing an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research reports. Barclays cut their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Wells Fargo & Company lowered their price objective on shares of HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group cut their target price on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of HP in a report on Monday, December 1st. Finally, UBS Group lowered their price target on shares of HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $21.58.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider directly owned 34,572 shares in the company, valued at approximately $801,724.68. This represents a 49.08% decrease in their position. The SEC filing for this sale provides additional information. 0.18% of the stock is currently owned by company insiders.

HP Trading Up 0.6%

HP stock opened at $19.45 on Friday. The stock has a market cap of $17.79 billion, a PE ratio of 7.37, a P/E/G ratio of 5.40 and a beta of 1.18. The stock has a 50-day moving average price of $19.91 and a 200 day moving average price of $24.09. HP Inc. has a 52 week low of $17.56 and a 52 week high of $30.61.

HP (NYSE:HPQ) last released its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The company had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period in the prior year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. HP’s dividend payout ratio is presently 45.45%.

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.