Railway Pension Investments Ltd Has $39.18 Million Stake in HP Inc. $HPQ

Railway Pension Investments Ltd lifted its stake in HP Inc. (NYSE:HPQ) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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’s holdings in HP were worth $39,181,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new position in HP in the 4th quarter valued at $25,000. SHP Wealth Management bought a new stake in shares of HP during the fourth quarter worth $26,000. Union Savings Bank acquired a new position in shares of HP during the fourth quarter valued at $28,000. Aberdeen Wealth Management LLC acquired a new position in shares of HP during the second quarter valued at $29,000. Finally, DV Equities LLC bought a new position in HP in the fourth quarter valued at about $29,000. Institutional investors own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction dated 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 owned 39,580 shares in the company, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,620 shares of company stock valued at $1,478,622. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HPQ. JPMorgan Chase & Co. boosted their price objective on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. The Goldman Sachs Group raised their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. UBS Group boosted their price target on shares of HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup increased their price objective on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Morgan Stanley lowered their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $25.17.

HP Stock Down 1.6%

Shares of HPQ stock opened at $30.03 on Tuesday. The firm has a market cap of $27.08 billion, a PE ratio of 11.46, a P/E/G ratio of 3.23 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19. The company’s fifty day simple moving average is $26.51 and its 200-day simple moving average is $22.86.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.HP’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 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, equities analysts predict that HP Inc. will post 3.25 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is presently 45.80%.

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.