Nykredit A S Buys New Shares in HP Inc. $HPQ

Nykredit A S bought a new position in HP Inc. (NYSE:HPQ) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 126,485 shares of the computer maker’s stock, valued at approximately $2,775,000.

Other institutional investors have also added to or reduced their stakes in the company. SHP Wealth Management bought a new position in shares of HP during the fourth quarter valued at about $26,000. Union Savings Bank bought a new stake in shares of HP in the 4th quarter valued at about $28,000. Aberdeen Wealth Management LLC purchased a new stake in HP during the 2nd quarter valued at about $29,000. DV Equities LLC purchased a new stake in HP during the 4th quarter valued at about $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in HP during the 4th quarter worth approximately $32,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HP news, insider David McQuarrie sold 21,048 shares of the company’s 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 transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock valued at $1,478,622. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HPQ. Citigroup boosted their price objective on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. UBS Group raised their target price on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. TD Cowen lifted their target price on shares of HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. upped their price target on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company increased their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $25.17.

HP Price Performance

HPQ opened at $32.66 on Monday. HP Inc. has a one year low of $17.56 and a one year high of $32.78. The business has a 50 day simple moving average of $27.21 and a two-hundred day simple moving average of $23.21. The firm has a market capitalization of $29.45 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.70 and a beta of 1.18.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. During the same period last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, sell-side analysts expect that HP Inc. will post 3.23 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 45.80%.

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.