Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 100,000 Shares of HP Inc. $HPQ

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in HP Inc. (NYSE:HPQ) by 80.3% in the first quarter, Holdings Channel.com reports. The firm owned 224,599 shares of the computer maker’s stock after buying an additional 100,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in HP were worth $4,315,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HPQ. IHT Wealth Management LLC boosted its stake in HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after buying an additional 398 shares during the period. Vident Advisory LLC lifted its holdings in shares of HP by 0.6% in the 2nd quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after acquiring an additional 444 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of HP by 0.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker’s stock worth $1,387,000 after purchasing an additional 470 shares during the period. Vise Technologies Inc. grew its holdings in HP by 2.4% during the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its holdings in HP by 2.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 19,640 shares of the computer maker’s stock valued at $438,000 after purchasing an additional 518 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the sale, the insider directly owned 92,200 shares in the company, valued at $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

HP Price Performance

Shares of HPQ opened at $22.60 on Tuesday. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 3.70 and a beta of 1.19. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a 50-day moving average of $23.10 and a 200 day moving average of $21.07.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts anticipate that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 5.3%. HP’s dividend payout ratio (DPR) is currently 44.28%.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several analyst reports. TD Cowen raised their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. UBS Group upped their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America increased their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” 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 stock an “underweight” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company boosted their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $23.33.

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.