Swedbank AB Has $22.59 Million Stake in HP Inc. $HPQ

Swedbank AB lifted its position in shares of HP Inc. (NYSE:HPQ) by 3.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 829,512 shares of the computer maker’s stock after purchasing an additional 23,834 shares during the quarter. Swedbank AB’s holdings in HP were worth $22,588,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HPQ. WPG Advisers LLC bought a new stake in HP in the 1st quarter valued at approximately $25,000. Laurel Wealth Advisors LLC raised its holdings in shares of HP by 2,346.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after purchasing an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of HP in the second quarter worth $27,000. Corsicana & Co. acquired a new position in HP during the third quarter worth $33,000. Finally, Global Trust Asset Management LLC grew its position in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup cut their price target on shares of HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. TD Cowen dropped their target price on HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. UBS Group set a $24.00 price target on HP in a research report on Wednesday, November 26th. Barclays lowered their price target on HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, HP has an average rating of “Hold” and an average price target of $25.69.

HP Stock Performance

HP stock opened at $23.27 on Friday. The stock has a 50-day simple moving average of $25.17 and a 200 day simple moving average of $25.96. The stock has a market capitalization of $21.36 billion, a P/E ratio of 8.78, a PEG ratio of 4.34 and a beta of 1.22. HP Inc. has a 52 week low of $21.21 and a 52 week high of $35.28.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.91 by $0.02. The company had revenue of $14.64 billion during the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Research analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a $0.30 dividend. This is an increase from HP’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Thursday, December 11th. HP’s dividend payout ratio is presently 45.28%.

Insider Activity

In other news, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares in the company, valued at approximately $3,677,856. This trade represents a 22.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anneliese Olson sold 18,154 shares of HP stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,084 shares of company stock worth $2,931,884 over the last three months. Insiders own 0.38% of the company’s stock.

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.