Lansforsakringar Fondforvaltning AB publ Reduces Holdings in HP Inc. $HPQ

Lansforsakringar Fondforvaltning AB publ decreased its holdings in HP Inc. (NYSE:HPQ) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,217 shares of the computer maker’s stock after selling 3,147 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in HP were worth $8,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP in the first quarter worth approximately $35,000. Iron Horse Wealth Management LLC purchased a new position in HP during the first quarter valued at approximately $39,000. Financial Freedom LLC lifted its holdings in HP by 141.4% during the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 878 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares in the last quarter. Finally, Global X Japan Co. Ltd. purchased a new position in HP during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HPQ. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group lifted their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday. Bank of America lowered their price target on shares of HP from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, HP presently has an average rating of “Hold” and an average price target of $29.96.

HP Stock Performance

HPQ stock opened at $28.54 on Friday. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The company’s fifty day moving average price is $25.76 and its 200-day moving average price is $26.82. The company has a market capitalization of $26.81 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. HP’s quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 4.1%. The ex-dividend date is Wednesday, September 10th. HP’s payout ratio is currently 44.79%.

HP Company Profile

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.