HP Inc. $HPQ Shares Purchased by Swedbank AB

Swedbank AB boosted its stake in HP Inc. (NYSE:HPQ) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 859,581 shares of the computer maker’s stock after buying an additional 30,069 shares during the period. Swedbank AB’s holdings in HP were worth $19,151,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in HP in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC bought a new position in shares of HP in the fourth quarter worth $26,000. Sound Income Strategies LLC grew its stake 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 in the last quarter. Westfuller Advisors LLC bought a new position in shares of HP in the third quarter worth $28,000. Finally, Caitlin John LLC bought a new position in shares of HP in the third quarter worth $30,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HPQ shares. The Goldman Sachs Group decreased their price target on HP from $21.00 to $16.00 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Wells Fargo & Company decreased their price target on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Barclays decreased their price target on HP from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. UBS Group decreased their price target on HP from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Finally, Bank of America reissued an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $21.67.

HP Stock Down 0.0%

Shares of HPQ stock opened at $25.24 on Tuesday. The stock has a 50-day simple moving average of $20.04 and a 200 day simple moving average of $21.13. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The stock has a market capitalization of $23.08 billion, a P/E ratio of 9.56, a P/E/G ratio of 7.01 and a beta of 1.09.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business had revenue of $14.44 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that HP Inc. will post 2.85 earnings per share for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.8%. HP’s dividend payout ratio (DPR) is currently 45.45%.

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.