Maj Invest Holding A S Has $164 Million Holdings in HP Inc. $HPQ

Maj Invest Holding A S lowered its stake in shares of HP Inc. (NYSE:HPQ) by 11.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,474,697 shares of the computer maker’s stock after selling 984,551 shares during the period. HP makes up 7.5% of Maj Invest Holding A S’s investment portfolio, making the stock its 4th biggest holding. Maj Invest Holding A S’s holdings in HP were worth $163,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of HP by 8.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after purchasing an additional 157,464 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in shares of HP in the 4th quarter worth $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of HP by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after purchasing an additional 103,175 shares in the last quarter. Finally, BNP Paribas grew its position in HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after purchasing an additional 128,296 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

HPQ opened at $30.02 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $30.06. The firm has a market capitalization of $27.45 billion, a P/E ratio of 11.08, a PEG ratio of 5.07 and a beta of 1.17. The company’s 50-day moving average is $25.00 and its 200 day moving average is $21.68.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter 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. On average, equities research analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared 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 dividend payout ratio (DPR) is 44.28%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HPQ. 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. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group raised their price target on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, TD Cowen increased their price objective on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $23.33.

Insiders Place Their Bets

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total value of $293,409.12. Following the completion of the transaction, the insider owned 71,152 shares in the company, valued at $1,983,717.76. This represents a 12.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,572 shares of company stock valued at $847,603 over the last 90 days. 0.18% of the stock is currently owned by insiders.

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.