Skandinaviska Enskilda Banken AB publ Has $20.42 Million Stock Position in HP Inc. (NYSE:HPQ)

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 34.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 625,831 shares of the computer maker's stock after purchasing an additional 161,559 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.07% of HP worth $20,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HPQ. Atria Investments Inc raised its position in shares of HP by 8.2% during the third quarter. Atria Investments Inc now owns 61,848 shares of the computer maker's stock worth $2,218,000 after purchasing an additional 4,712 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of HP during the third quarter worth $25,000. Apollon Wealth Management LLC raised its position in shares of HP by 5.8% during the third quarter. Apollon Wealth Management LLC now owns 20,676 shares of the computer maker's stock worth $742,000 after purchasing an additional 1,129 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of HP by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,206,009 shares of the computer maker's stock worth $79,130,000 after purchasing an additional 29,109 shares during the period. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of HP during the third quarter worth $312,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPQ has been the topic of a number of recent analyst reports. Hsbc Global Res lowered HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. HSBC lowered HP from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Barclays upped their price target on HP from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Loop Capital dropped their price target on HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, March 4th. Finally, TD Cowen dropped their price target on HP from $39.00 to $38.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $36.14.

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HP Trading Down 0.8 %

NYSE HPQ traded down $0.23 on Tuesday, reaching $28.68. The stock had a trading volume of 5,001,454 shares, compared to its average volume of 6,934,298. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 10.21, a P/E/G ratio of 2.96 and a beta of 1.09. The business has a 50 day moving average price of $32.26 and a 200 day moving average price of $34.37. HP Inc. has a 1 year low of $27.42 and a 1 year high of $39.79.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Wednesday, March 12th. HP's dividend payout ratio is 41.37%.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now owns 6,277 shares of the company's stock, valued at approximately $204,002.50. This represents a 63.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is currently owned by insiders.

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.