Legal & General Group Plc Has $180.31 Million Position in HP Inc. $HPQ

Key Points

• Legal & General Group Plc cut its HP Inc. stake by 6.5% in the fourth quarter, selling 560,528 shares and ending with 8.09 million shares valued at about $180.3 million.
• HP reported better-than-expected quarterly results, with $0.86 EPS on $14.41 billion in revenue, while management said AI PC demand and the Windows 11 upgrade cycle helped sales.
• Despite the earnings beat, HP lowered its full-year profit outlook to $2.15-$2.45 per share from $2.47-$2.77, even as it maintained a 4.7% dividend yield on its $0.30 quarterly payout.

Legal & General Group Plc lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,092,687 shares of the computer maker's stock after selling 560,528 shares during the quarter. Legal & General Group Plc owned about 0.88% of HP worth $180,305,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Auxano Advisors LLC grew its position in HP by 4.4% during the third quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker's stock worth $252,000 after buying an additional 391 shares in the last quarter. IHT Wealth Management LLC grew its position in HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker's stock worth $305,000 after buying an additional 398 shares in the last quarter. Vident Advisory LLC grew its position in HP by 0.6% during the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker's stock worth $1,702,000 after buying an additional 444 shares in the last quarter. Personal CFO Solutions LLC grew its position in HP by 2.2% during the third quarter. Personal CFO Solutions LLC now owns 21,492 shares of the computer maker's stock worth $585,000 after buying an additional 459 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in HP by 0.9% during the third quarter. CIBC Private Wealth Group LLC now owns 50,952 shares of the computer maker's stock worth $1,387,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HPQ shares. The Goldman Sachs Group reduced their price target on HP from $21.00 to $16.00 and set a "sell" rating on the stock in a research report on Wednesday, February 25th. UBS Group cut their target price on HP from $26.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, February 19th. Barclays cut their target price on HP from $18.00 to $16.00 and set an "underweight" rating for the company in a research note on Wednesday, February 25th. Evercore set a $22.00 target price on HP in a research note on Thursday, February 19th. Finally, Citigroup cut their target price on HP from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $21.67.

HP Price Performance

NYSE HPQ opened at $25.55 on Thursday. The business has a fifty day moving average price of $20.29 and a two-hundred day moving average price of $21.11. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.55. The stock has a market capitalization of $23.37 billion, a PE ratio of 9.68, a PEG ratio of 6.75 and a beta of 1.09.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating 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 company had revenue of $14.41 billion during the quarter, compared to analysts' expectations of $13.99 billion. During the same period in the prior year, the company earned $0.71 EPS. HP'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. As a group, sell-side analysts expect that HP Inc. will post 2.85 earnings per share for the current year.

HP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, June 10th. HP's dividend payout ratio is presently 45.45%.

HP News Roundup

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

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.

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