Schroder Investment Management Group Has $125.46 Million Stock Holdings in HP Inc. $HPQ

Key Points

• Schroder Investment Management Group trimmed its HP stake by 1.2% to 4,607,568 shares, valued at about $125.46 million (roughly 0.49% of the company) at quarter-end.
• Several firms have cut price targets and ratings on HP, leaving a MarketBeat average rating of Reduce with a consensus target price of $21.58.
• HP beat quarterly EPS estimates ($0.81 vs. $0.77), set Q2 guidance of $0.70–$0.76, and announced a $0.30 quarterly dividend (annualized yield ~6.3%).

Schroder Investment Management Group reduced its stake in HP Inc. (NYSE:HPQ - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,607,568 shares of the computer maker's stock after selling 54,976 shares during the quarter. Schroder Investment Management Group owned about 0.49% of HP worth $125,464,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of HP during the second quarter worth approximately $91,698,000. Vanguard Group Inc. boosted its stake in shares of HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker's stock valued at $3,530,608,000 after buying an additional 3,122,436 shares during the period. Qube Research & Technologies Ltd acquired a new stake in HP during the second quarter worth approximately $74,385,000. First Trust Advisors LP increased its stake in HP by 93.9% during the 2nd quarter. First Trust Advisors LP now owns 4,874,334 shares of the computer maker's stock worth $119,226,000 after acquiring an additional 2,360,678 shares during the period. Finally, Invesco Ltd. increased its stake in HP by 15.9% during the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker's stock worth $321,573,000 after acquiring an additional 1,806,246 shares during the period. Institutional investors own 77.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HPQ. Citigroup cut their price objective on shares of HP from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, February 17th. Morgan Stanley cut their target price on HP from $18.00 to $16.00 and set an "underweight" rating on the stock in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their target price on HP from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 26th. Zacks Research cut shares of HP from a "hold" rating to a "strong sell" rating in a research report on Friday, November 28th. Finally, Barclays dropped their price target on shares of HP from $18.00 to $16.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $21.58.

Insider Activity

In other news, insider Ketan M. Patel sold 33,321 shares of the firm's stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the transaction, the insider directly owned 34,572 shares of the company's stock, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

HP Stock Down 2.6%

NYSE HPQ opened at $18.95 on Tuesday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.50. The firm has a market cap of $17.33 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 5.40 and a beta of 1.18. The company's 50 day moving average is $19.83 and its 200-day moving average is $24.02.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. HP had a net margin of 4.46% and a negative return on equity of 367.41%. The firm had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same period in the previous year, the business earned $0.74 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 11th. This represents a $1.20 annualized dividend and a dividend yield of 6.3%. HP's dividend payout ratio is 45.45%.

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.

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