Handelsbanken Fonder AB Sells 54,470 Shares of HP Inc. $HPQ

Handelsbanken Fonder AB trimmed its stake in shares of HP Inc. (NYSE:HPQ) by 54.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,255 shares of the computer maker’s stock after selling 54,470 shares during the period. Handelsbanken Fonder AB’s holdings in HP were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HPQ. Garner Asset Management Corp acquired a new position in HP in the 4th quarter worth $25,000. SHP Wealth Management acquired a new stake in shares of HP in the 4th quarter valued at about $26,000. Union Savings Bank bought a new stake in shares of HP in the fourth quarter valued at about $28,000. DV Equities LLC bought a new position in shares of HP during the fourth quarter worth about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HP in the 4th quarter valued at approximately $32,000. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

Shares of NYSE HPQ opened at $29.99 on Thursday. The stock has a 50 day moving average price of $25.59 and a 200 day moving average price of $22.28. The stock has a market capitalization of $27.43 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 5.05 and a beta of 1.17. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19.

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, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. 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, research analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

HPQ has been the topic of several research reports. Bank of America boosted their target price on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. TD Cowen raised their price target 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. Citigroup lifted their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Wednesday, August 12th. Two investment 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 MarketBeat.com, HP presently has a consensus rating of “Reduce” and an average price target of $23.50.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares in the company, valued at $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

HP Company 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.