Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.45 Million Holdings in HP Inc. $HPQ

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in HP Inc. by 46.2%, selling 106,700 shares and retaining 124,499 shares valued at approximately $3.4 million.
• HP Inc. reported earnings of $0.71 per share for the most recent quarter, missing estimates by $0.09, while revenue grew by 3.3% year-over-year.
• The company declared a quarterly dividend of $0.2894 per share with an annualized yield of 4.3%, set to be paid on October 1st to shareholders on record by September 10th.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,499 shares of the computer maker's stock after selling 106,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in HP were worth $3,447,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. West Paces Advisors Inc. grew its holdings in HP by 3.2% during the 4th quarter. West Paces Advisors Inc. now owns 9,636 shares of the computer maker's stock worth $314,000 after acquiring an additional 298 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in HP by 0.8% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 45,729 shares of the computer maker's stock worth $1,492,000 after acquiring an additional 384 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock worth $561,000 after acquiring an additional 411 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in HP by 3.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 11,383 shares of the computer maker's stock worth $371,000 after acquiring an additional 428 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in HP by 13.3% during the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after acquiring an additional 433 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Stock Down 1.9%

HP stock traded down $0.5040 during midday trading on Wednesday, hitting $26.4960. 6,458,863 shares of the stock were exchanged, compared to its average volume of 8,239,082. The company has a fifty day simple moving average of $25.27 and a two-hundred day simple moving average of $27.06. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The stock has a market capitalization of $24.89 billion, a PE ratio of 10.23, a P/E/G ratio of 2.17 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). HP had a negative return on equity of 244.99% and a net margin of 4.64%.The firm had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $13.09 billion. During the same period in the previous year, the business earned $0.82 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. As a group, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HPQ shares. UBS Group decreased their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Evercore ISI reduced their target price on shares of HP from $40.00 to $32.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Morgan Stanley reduced their target price on shares of HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. Dbs Bank lowered shares of HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company reduced their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, May 29th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $29.54.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.