8,235,583 Shares in HP Inc. $HPQ Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,235,583 shares of the computer maker’s stock, valued at approximately $180,689,000. Legal & General Group Plc owned approximately 0.90% of HP at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Callan Family Office LLC bought a new stake in HP during the second quarter valued at about $3,029,000. Vanguard Group Inc. grew its position in shares of HP by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of HP during the 4th quarter worth approximately $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in HP by 5.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after acquiring an additional 103,175 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in shares of HP during the second quarter worth $2,357,757,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Up 3.7%

Shares of NYSE HPQ opened at $30.62 on Thursday. HP Inc. has a 52 week low of $17.56 and a 52 week high of $32.19. The business’s 50 day moving average price is $26.11 and its 200 day moving average price is $22.63. The firm has a market cap of $28.00 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.90 and a beta of 1.17.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same period last year, the firm posted $0.75 EPS. HP’s revenue for the quarter 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, research analysts expect that HP Inc. will post 3.03 earnings per share for the current year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. HP’s payout ratio is currently 44.28%.

Trending Headlines about HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.7 billion, up 12.5% year over year and above analyst expectations. Non-GAAP EPS was $0.83, exceeding consensus estimates, while operating cash flow reached $1.7 billion and free cash flow totaled $1.6 billion. HP Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised its fiscal 2026 EPS outlook to $3.19-$3.29, above the roughly $3.02 consensus, and forecast fourth-quarter EPS of $0.69-$0.79, also ahead of expectations. Price increases on premium and AI-enabled PCs, along with expected tariff refunds, are expected to offset higher memory costs. HP forecasts strong fourth-quarter profit on price hikes, US tariff refunds
• Neutral Sentiment: Personal Systems revenue rose 18% to $11.8 billion, but Printing revenue fell 2% to $3.9 billion. HP also signed a multiyear Wi-Fi patent cross-licensing agreement with Huawei, which could support technology access but may attract additional scrutiny because Huawei is on the U.S. Entity List. HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
• Negative Sentiment: GAAP net income fell to $661 million from $763 million, and GAAP EPS declined to $0.71 from $0.80. Results also included a $0.11-per-share benefit from tariff refunds, while non-GAAP operating margin contracted to 6.5% from 7.1%. Investors appeared to view the earnings beat and raised guidance as insufficient relative to expectations, triggering a sharp post-earnings selloff. HP shares tumble despite earnings beat, raised guidance

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HPQ shares. Citigroup boosted their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Wells Fargo & Company lifted their target price on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. UBS Group boosted their target price on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Bank of America lifted their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, HP presently has a consensus rating of “Reduce” and a consensus price target of $24.17.

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.