6,701,459 Shares in HP Inc. $HPQ Purchased by Norges Bank

Norges Bank acquired a new position in shares of HP Inc. (NYSE:HPQ) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,701,459 shares of the computer maker’s stock, valued at approximately $149,309,000. Norges Bank owned approximately 0.73% of HP as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HPQ. Garner Asset Management Corp bought a new position in HP in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new position in HP in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC grew its stake in HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares in the last quarter. Caitlin John LLC bought a new position in HP in the third quarter valued at approximately $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in HP in the fourth quarter valued at approximately $32,000. 77.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price target on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a research note on Monday, May 4th. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. Finally, Barclays raised their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $23.33.

HP Trading Down 4.6%

NYSE:HPQ opened at $26.05 on Thursday. The stock has a market cap of $23.82 billion, a P/E ratio of 9.61, a PEG ratio of 4.60 and a beta of 1.17. The stock has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $21.17. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65.

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

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s dividend payout ratio (DPR) 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.