HP Inc. $HPQ Stake Reduced by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in HP Inc. (NYSE:HPQ) by 60.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 132,950 shares of the computer maker’s stock after selling 205,104 shares during the quarter. Handelsbanken Fonder AB’s holdings in HP were worth $2,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westfuller Advisors LLC bought a new stake in HP in the third quarter worth about $28,000. Caitlin John LLC bought a new stake in HP in the third quarter worth about $30,000. Garner Asset Management Corp bought a new stake in HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in HP in the fourth quarter worth about $26,000. Finally, Sound Income Strategies LLC raised its position in 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 acquiring an additional 646 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 15.2%

NYSE HPQ opened at $25.24 on Friday. The stock’s 50-day moving average price is $19.92 and its two-hundred day moving average price is $21.18. The company has a market cap of $23.08 billion, a PE ratio of 9.56, a PEG ratio of 7.01 and a beta of 1.09. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.55.

HP (NYSE:HPQ) last posted its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $14.44 billion for the quarter, compared to the consensus estimate of $13.87 billion. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Research analysts forecast that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Announces Dividend

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

Key Headlines Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: Investors are betting that HP’s AI-powered PCs will drive stronger demand and improve results in the upcoming earnings report. Why Are HP (HPQ) Shares Soaring Today
• Positive Sentiment: HPQ has benefited from buying ahead of earnings and the next dividend qualification date, adding to momentum in the shares. HP Inc. (HPQ) Earnings, Dividends Loom, Shares Soar 15%
• Positive Sentiment: Strong results from Lenovo and renewed AI enthusiasm across the PC sector have reinforced optimism for HP and other hardware makers. Dell, HP surge after strong results from Lenovo amid AI enthusiasm
• Neutral Sentiment: Analysts are watching HPQ’s Q2 earnings closely, with AI PC demand and gaming products expected to support revenue, but the actual results have not yet been reported. HPQ to Report Q2 Earnings: What’s in the Cards for the Stock?

Wall Street Analyst Weigh In

Several brokerages have commented on HPQ. Bank of America reiterated an “underperform” rating and issued a $20.00 price target (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Barclays cut their price objective on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Wednesday, February 25th. Evercore set a $22.00 price objective on HP in a report on Thursday, February 19th. UBS Group cut their price objective on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $21.67.

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.