Allianz Asset Management GmbH Increases Holdings in HP Inc. $HPQ

Allianz Asset Management GmbH lifted its position in HP Inc. (NYSE:HPQ) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,374,005 shares of the computer maker’s stock after acquiring an additional 847,769 shares during the quarter. Allianz Asset Management GmbH’s holdings in HP were worth $119,733,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Garner Asset Management Corp bought a new stake in shares of HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP in the fourth quarter worth about $26,000. Sound Income Strategies LLC increased its holdings in shares of HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after purchasing an additional 646 shares during the last quarter. Caitlin John LLC bought a new stake in shares of HP in the third quarter worth about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of HP in the fourth quarter worth about $32,000. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

HPQ opened at $24.70 on Thursday. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 4.21 and a beta of 1.17. The stock’s 50 day moving average price is $21.75 and its 200-day moving average price is $21.25. HP Inc. has a one year low of $17.56 and a one year high of $29.65.

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, beating analysts’ consensus estimates of $0.72 by $0.14. The firm 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%.HP’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. HP’s payout ratio is presently 44.28%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HPQ shares. Evercore set a $22.00 target price on HP in a report on Thursday, February 19th. Wells Fargo & Company lifted their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Barclays lifted their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Bank of America lifted their target price on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, HP presently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Company 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.