BI Asset Management Fondsmaeglerselskab A S Sells 24,161 Shares of HP Inc. $HPQ

BI Asset Management Fondsmaeglerselskab A S cut its holdings in shares of HP Inc. (NYSE:HPQ) by 50.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,734 shares of the computer maker’s stock after selling 24,161 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in HP were worth $456,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in shares of HP during the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of HP in the fourth quarter worth $26,000. SHP Wealth Management bought a new stake in shares of HP in the fourth quarter worth $26,000. Sound Income Strategies LLC increased its holdings 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 during the period. Finally, Union Savings Bank acquired a new stake in HP in the fourth quarter valued at $28,000. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HPQ. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group raised their price objective on HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Finally, UBS Group upped their target price on HP from $20.00 to $26.00 and gave the company a “neutral” 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $23.33.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction that occurred on 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 approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by corporate insiders.

HP Stock Down 1.5%

Shares of NYSE HPQ opened at $22.94 on Friday. The company has a market capitalization of $20.98 billion, a PE ratio of 8.47, a P/E/G ratio of 3.94 and a beta of 1.17. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The firm has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $21.19.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. 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, equities analysts expect that HP Inc. will post 2.97 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given 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 5.2%. HP’s dividend payout ratio is presently 44.28%.

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.