Legal & General Group Plc Sells 560,528 Shares of HP Inc. $HPQ

Legal & General Group Plc trimmed its position in HP Inc. (NYSE:HPQ) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 8,092,687 shares of the computer maker’s stock after selling 560,528 shares during the quarter. Legal & General Group Plc’s holdings in HP were worth $180,305,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HPQ. DNB Asset Management AS increased its holdings in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after purchasing an additional 7,498,202 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in HP by 186.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC increased its holdings in HP by 143.4% in the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the period. Vanguard Group Inc. increased its holdings in HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock valued at $3,530,608,000 after purchasing an additional 3,122,436 shares during the period. Finally, State Street Corp increased its holdings in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the period. 77.53% of the stock is currently owned by institutional investors.

HP Trading Up 4.6%

Shares of HP stock opened at $25.55 on Thursday. The business has a 50-day moving average price of $20.29 and a two-hundred day moving average price of $21.11. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55. The company has a market cap of $23.37 billion, a P/E ratio of 9.68, a PEG ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period last year, the business posted $0.71 EPS. The business’s 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. Equities research analysts forecast that HP Inc. will post 2.85 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP’s dividend payout ratio (DPR) is presently 45.45%.

Key HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP beat second-quarter estimates on both revenue and profit, which is supporting the stock. HP Inc. Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Management said AI PC demand and the Windows 11 upgrade cycle boosted sales, suggesting underlying demand is improving. HP beats revenue, profit estimates as AI PC and Windows 11 refresh boost demand
• Neutral Sentiment: HP also raised/updated full-year and Q3 EPS guidance modestly versus consensus, which helps offset some of the uncertainty around the outlook. HP (HPQ) Reports Q2 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Despite the beat, HP cut its full-year profit outlook to $2.15-$2.45 per share from a prior $2.47-$2.77 range, signaling margin or cost pressure ahead. HP Cuts Full-Year Outlook Despite Higher Second-Quarter Profit, Revenue

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley increased their price objective on HP from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, May 21st. Evercore set a $22.00 price objective on HP in a report on Thursday, February 19th. The Goldman Sachs Group decreased their price objective on HP from $21.00 to $16.00 and set a “sell” rating for the company in a report on Wednesday, February 25th. Citigroup decreased their price objective on HP from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. Finally, Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $21.67.

About HP

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.