Railway Pension Investments Ltd Sells 16,900 Shares of HP Inc. $HPQ
by Amy Steele · The Cerbat GemRailway Pension Investments Ltd reduced its holdings in shares of HP Inc. (NYSE:HPQ – Free Report) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,507,615 shares of the computer maker’s stock after selling 16,900 shares during the quarter. Railway Pension Investments Ltd’s holdings in HP were worth $36,876,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its position in HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after buying an additional 75,895 shares during the period. LBP AM SA acquired a new position in shares of HP in the second quarter valued at about $7,279,000. Jump Financial LLC acquired a new position in shares of HP in the first quarter valued at about $6,359,000. Resona Asset Management Co. Ltd. increased its position in HP by 6.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after acquiring an additional 18,240 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in HP by 3.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock worth $10,824,000 after purchasing an additional 13,686 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.
Insider Buying and Selling at HP
In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by company insiders.
Analyst Ratings Changes
HPQ has been the topic of several recent research reports. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. UBS Group set a $24.00 price objective on HP in a research note on Wednesday. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Evercore ISI reduced their price target on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday. Finally, Citigroup reduced their target price on HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.69.
View Our Latest Research Report on HP
HP Stock Up 1.7%
Shares of HPQ stock opened at $24.39 on Friday. The firm has a market capitalization of $22.80 billion, a P/E ratio of 8.90, a P/E/G ratio of 2.23 and a beta of 1.28. HP Inc. has a twelve month low of $21.21 and a twelve month high of $36.93. The stock’s fifty day simple moving average is $26.27 and its 200 day simple moving average is $26.32.
HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS. Q1 2026 guidance at 0.730-0.810 EPS. As a group, equities research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.
HP Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a $0.30 dividend. This is an increase from HP’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, December 11th. This represents a $1.20 annualized dividend and a yield of 4.9%. HP’s dividend payout ratio is currently 45.28%.
HP Profile
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.
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