CIBC Asset Management Inc Has $5.32 Million Position in HP Inc. $HPQ

CIBC Asset Management Inc boosted its position in shares of HP Inc. (NYSE:HPQ) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 238,678 shares of the computer maker’s stock after purchasing an additional 86,291 shares during the quarter. CIBC Asset Management Inc’s holdings in HP were worth $5,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPQ. Garner Asset Management Corp acquired a new position in HP during the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in HP during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC grew its holdings in HP by 97.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares during the period. Caitlin John LLC acquired a new position in HP during the third quarter valued at approximately $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Price Performance

HPQ opened at $25.59 on Friday. The business’s 50-day moving average price is $21.41 and its two-hundred day moving average price is $21.21. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65. The company has a market capitalization of $23.40 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 4.32 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS 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 analyst estimates of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Sell-side analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is currently 44.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HPQ. The Goldman Sachs Group boosted their price objective on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Evercore set a $22.00 price target on shares of HP in a report on Thursday, February 19th. Finally, Bank of America upped their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price 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.