Andra AP fonden Reduces Stock Holdings in HP Inc. $HPQ

Andra AP fonden decreased its holdings in HP Inc. (NYSE:HPQ) by 37.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 944,700 shares of the computer maker’s stock after selling 573,400 shares during the period. Andra AP fonden’s holdings in HP were worth $21,048,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HPQ. Baird Financial Group Inc. raised its holdings in HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in HP by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after purchasing an additional 551 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in HP by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after purchasing an additional 8,779 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in HP by 70.5% in the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new position in HP in the second quarter worth $233,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.0%

Shares of HPQ opened at $24.68 on Friday. The business’s 50 day moving average is $21.86 and its 200 day moving average is $21.26. The company has a market capitalization of $22.57 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 4.17 and a beta of 1.17. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $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. Equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. HP’s payout ratio is presently 44.28%.

Analyst Ratings Changes

A number of research firms have issued reports on HPQ. The Goldman Sachs Group increased their price objective on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, June 2nd. Wells Fargo & Company raised their price target on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Morgan Stanley raised their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Evercore set a $22.00 price target on HP 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 investment 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 stock has an average rating of “Reduce” and a consensus target price 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.