CIBC Asset Management Inc Purchases 86,291 Shares of HP Inc. $HPQ

CIBC Asset Management Inc boosted its position in shares of HP Inc. (NYSE:HPQ) by 56.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,678 shares of the computer maker’s stock after acquiring an additional 86,291 shares during the quarter. CIBC Asset Management Inc’s holdings in HP were worth $5,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HPQ. DNB Asset Management AS raised its position in HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after acquiring an additional 7,498,202 shares in the last quarter. Norges Bank bought a new stake in HP during the fourth quarter worth $149,309,000. Arrowstreet Capital Limited Partnership raised its position in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after acquiring an additional 5,449,691 shares in the last quarter. AQR Capital Management LLC raised its position in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after acquiring an additional 5,325,260 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after purchasing an additional 3,122,436 shares during the period. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HPQ shares. TD Cowen increased their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. UBS Group upped their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Morgan Stanley upped their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $23.33.

HP Stock Performance

HPQ stock opened at $25.59 on Friday. The company’s 50-day simple moving average is $21.41 and its 200 day simple moving average is $21.21. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65. The company has a market capitalization of $23.40 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 4.32 and a beta of 1.17.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

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

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.