SEB Asset Management AB Buys New Shares in HP Inc. $HPQ

SEB Asset Management AB bought a new position in HP Inc. (NYSE:HPQ) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 434,210 shares of the computer maker’s stock, valued at approximately $8,341,000.

Several other hedge funds have also added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in shares of HP during the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP in the 4th quarter valued at about $26,000. SHP Wealth Management bought a new stake in shares of HP in the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted its holdings in HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares during the period. Finally, Union Savings Bank bought a new position in HP during the 4th quarter worth approximately $28,000. 77.53% of the stock is owned by institutional investors.

HP Stock Up 2.3%

Shares of HPQ stock opened at $24.79 on Wednesday. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 4.09 and a beta of 1.19. The business’s fifty day moving average is $23.88 and its 200 day moving average is $21.13. 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 data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HPQ shares. UBS Group lifted their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. TD Cowen raised their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Citigroup upped their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their price target on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $23.33.

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.