Swedbank AB Sells 87,198 Shares of HP Inc. $HPQ

Swedbank AB trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 10.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 772,383 shares of the computer maker’s stock after selling 87,198 shares during the period. Swedbank AB’s holdings in HP were worth $14,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Unison Advisors LLC boosted its holdings in HP by 1.4% in the first quarter. Unison Advisors LLC now owns 118,065 shares of the computer maker’s stock worth $2,303,000 after purchasing an additional 1,590 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in HP during the 1st quarter valued at $318,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of HP by 9.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,426 shares of the computer maker’s stock valued at $160,000 after buying an additional 748 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in shares of HP by 83.3% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 27,562 shares of the computer maker’s stock worth $529,000 after buying an additional 12,527 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of HP by 13.8% in the 1st quarter. Stephens Inc. AR now owns 10,860 shares of the computer maker’s stock worth $217,000 after buying an additional 1,313 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 1.3%

HP stock opened at $24.08 on Friday. The company’s 50-day moving average price is $23.38 and its 200-day moving average price is $21.05. The company has a market cap of $22.02 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 4.01 and a beta of 1.19. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. 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, sell-side analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. The Goldman Sachs Group upped their price target on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. TD Cowen raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Morgan Stanley boosted their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $23.33.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. The trade was a 10.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

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.