HP Inc. $HPQ Shares Bought by Swedbank AB

Swedbank AB raised its holdings in HP Inc. (NYSE:HPQ) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 859,581 shares of the computer maker’s stock after purchasing an additional 30,069 shares during the period. Swedbank AB owned about 0.09% of HP worth $19,151,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Garner Asset Management Corp acquired a new position in shares of HP in the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of HP in the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC raised its position in shares of HP by 97.0% in the 4th 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 in the last quarter. Westfuller Advisors LLC acquired a new position in shares of HP in the 3rd quarter valued at approximately $28,000. Finally, Caitlin John LLC acquired a new stake in shares of HP during the 3rd quarter valued at approximately $30,000. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Trading Down 0.0%

HPQ stock opened at $25.24 on Tuesday. The firm has a market cap of $23.08 billion, a P/E ratio of 9.56, a P/E/G ratio of 7.01 and a beta of 1.09. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.55. The stock’s 50 day simple moving average is $20.04 and its 200 day simple moving average is $21.13.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion for the quarter, compared to analyst estimates of $13.87 billion. During the same period last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts forecast that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.8%. HP’s dividend payout ratio (DPR) is currently 45.45%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HPQ. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. UBS Group dropped their price target on HP from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley upped their price target on HP from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Thursday. The Goldman Sachs Group dropped their price target on HP from $21.00 to $16.00 and set a “sell” rating on the stock in a research report on Wednesday, February 25th. Finally, Barclays dropped their price target on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $21.67.

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.