Swedbank AB Has $22.81 Million Holdings in HP Inc. (NYSE:HPQ)

Swedbank AB lifted its stake in HP Inc. (NYSE:HPQ) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 699,065 shares of the computer maker’s stock after purchasing an additional 14,555 shares during the quarter. Swedbank AB owned 0.07% of HP worth $22,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC raised its holdings in shares of HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in HP during the third quarter valued at $37,000. Itau Unibanco Holding S.A. acquired a new position in HP in the third quarter worth approximately $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP during the 3rd quarter valued at $44,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Price Performance

HPQ stock opened at $32.81 on Friday. The business has a fifty day moving average price of $34.14 and a 200 day moving average price of $35.20. HP Inc. has a fifty-two week low of $27.42 and a fifty-two week high of $39.79. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.83 and a beta of 1.05.

HP (NYSE:HPQ) last announced its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same period last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. HP’s dividend payout ratio (DPR) is currently 41.28%.

Insider Activity at HP

In other HP news, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 137,094 shares of HP stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.45, for a total transaction of $4,997,076.30. Following the sale, the chief executive officer now owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40. This represents a 60.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,035 shares of company stock valued at $9,670,068 over the last quarter. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HPQ. TD Cowen lifted their price objective on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Citigroup decreased their price objective on HP from $37.00 to $36.50 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. HSBC lowered HP from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $38.00 in a research note on Friday, November 29th. Finally, Barclays boosted their price target on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.23.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.