Railway Pension Investments Ltd Acquires 353,700 Shares of HP Inc. $HPQ

Railway Pension Investments Ltd lifted its holdings in HP Inc. (NYSE:HPQ) by 24.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,785,815 shares of the computer maker’s stock after purchasing an additional 353,700 shares during the period. Railway Pension Investments Ltd owned 0.20% of HP worth $39,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPQ. BTG Pactual Asset Management US LLC raised its stake in shares of HP by 19.3% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 13,307 shares of the computer maker’s stock valued at $292,000 after acquiring an additional 2,153 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in HP in the 2nd quarter valued at $31,750,000. Sigma Planning Corp raised its holdings in HP by 23.8% in the 2nd quarter. Sigma Planning Corp now owns 94,020 shares of the computer maker’s stock worth $2,063,000 after acquiring an additional 18,071 shares during the period. Two Sigma Securities LLC boosted its holdings in HP by 341.9% during the second quarter. Two Sigma Securities LLC now owns 86,996 shares of the computer maker’s stock valued at $1,909,000 after acquiring an additional 67,309 shares during the period. Finally, Cullinan Associates Inc. grew its position in shares of HP by 0.3% in the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker’s stock valued at $4,154,000 after purchasing an additional 540 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HP

In other HP news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction 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. This trade represents a 34.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 52,620 shares of company stock valued at $1,478,622. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

HPQ has been the subject of several research analyst reports. Barclays boosted their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday. Wells Fargo & Company upped their price target on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. UBS Group raised their price objective on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Bank of America reissued an “underperform” rating on shares of HP in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $25.17.

HP Price Performance

Shares of HPQ stock opened at $30.03 on Tuesday. HP Inc. has a one year low of $17.56 and a one year high of $32.19. The stock has a fifty day moving average price of $26.51 and a 200 day moving average price of $22.86. The stock has a market cap of $27.08 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 3.23 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities research analysts anticipate that HP Inc. will post 3.25 EPS for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid 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 4.0%. HP’s dividend payout ratio (DPR) is currently 45.80%.

HP Company 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.