Charles Schwab Investment Management Inc. Acquires 172,210 Shares of HP Inc. $HPQ

Charles Schwab Investment Management Inc. grew its holdings in HP Inc. (NYSE:HPQ) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 6,957,331 shares of the computer maker’s stock after buying an additional 172,210 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in HP were worth $170,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of HP by 36.0% during the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock valued at $7,013,000 after purchasing an additional 75,895 shares during the last quarter. LBP AM SA bought a new stake in HP in the 2nd quarter worth approximately $7,279,000. Jump Financial LLC purchased a new stake in HP during the 1st quarter valued at $6,359,000. Resona Asset Management Co. Ltd. boosted its stake in shares of HP by 6.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock worth $7,825,000 after buying an additional 18,240 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of 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 buying an additional 13,686 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Insider Activity at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the transaction, the insider directly owned 169 shares in the company, valued at $4,711.72. This trade represents a 99.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HPQ shares. The Goldman Sachs Group lowered their target price on HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. Sanford C. Bernstein initiated coverage on shares of HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. Barclays decreased their price target on shares of HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Bank of America decreased their target price on HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.69.

HP Price Performance

Shares of HPQ stock opened at $23.97 on Thursday. HP Inc. has a one year low of $21.21 and a one year high of $37.50. The company’s fifty day moving average price is $26.43 and its 200-day moving average price is $26.38. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last posted 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 business had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. During the same period last year, the firm earned $0.93 earnings per share. The business’s quarterly revenue 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. Equities research analysts expect that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.0%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s payout ratio is presently 43.40%.

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.