Oslo Pensjonsforsikring AS purchased a new position in HP Inc. (NYSE:HPQ – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,438,355 shares of the computer maker’s stock, valued at approximately $27,631,000. HP makes up approximately 4.3% of Oslo Pensjonsforsikring AS’s holdings, making the stock its 11th largest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in HPQ. IHT Wealth Management LLC grew its position in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock worth $305,000 after acquiring an additional 398 shares in the last quarter. Vident Advisory LLC increased its stake in HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after acquiring an additional 444 shares during the last quarter. Vise Technologies Inc. raised its position in HP by 2.4% during the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after purchasing an additional 477 shares in the last quarter. Centennial Wealth Advisory LLC lifted its stake in HP by 2.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 19,640 shares of the computer maker’s stock worth $438,000 after purchasing an additional 518 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after purchasing an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.
Insider Activity
In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on HP
HP Price Performance
Shares of HPQ stock opened at $24.79 on Wednesday. The business has a 50-day moving average of $23.88 and a 200 day moving average of $21.13. The stock has a market capitalization of $22.67 billion, a PE ratio of 9.15, a P/E/G ratio of 4.09 and a beta of 1.19. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65.
HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts anticipate that HP Inc. will post 2.98 EPS for the current year.
HP Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.
HP 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.
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