Munich Reinsurance Co Stock Corp in Munich Trims Holdings in HP Inc. $HPQ

by · The Cerbat Gem

Munich Reinsurance Co Stock Corp in Munich lowered its position in shares of HP Inc. (NYSE:HPQ – Free Report) by 48.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 110,734 shares of the computer maker’s stock after selling 103,603 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in HP were worth $2,536,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. raised its position in HP by 14.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after buying an additional 367 shares during the last quarter. Auxano Advisors LLC raised its position in HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after buying an additional 391 shares during the last quarter. IHT Wealth Management LLC raised its position in HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after buying an additional 398 shares during the last quarter. Vident Advisory LLC raised its position in HP by 0.6% during the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after buying an additional 444 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its position in HP by 2.2% during the 3rd quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker’s stock worth $585,000 after buying an additional 459 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Down 1.7%

Shares of HPQ opened at $19.79 on Friday. The company has a 50-day simple moving average of $19.01 and a 200-day simple moving average of $21.97. The company has a market capitalization of $18.10 billion, a PE ratio of 7.50, a P/E/G ratio of 5.59 and a beta of 1.11. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly 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. The business had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts anticipate that HP Inc. will post 2.84 EPS for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Wednesday, March 11th. HP’s dividend payout ratio (DPR) is currently 45.45%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HPQ shares. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Barclays cut their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Bank of America restated an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Evercore set a $22.00 price objective on shares of HP in a research report on Thursday, February 19th. Finally, Morgan Stanley cut their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, HP has a consensus rating of “Reduce” and an average target price of $21.58.

Check Out Our Latest Analysis on HPQ

HP Company Profile

(Free Report)

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.

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