Schroder Investment Management Group Has $86.16 Million Stock Holdings in HP Inc. (NYSE:HPQ)

Schroder Investment Management Group increased its stake in shares of HP Inc. (NYSE:HPQ) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,640,644 shares of the computer maker’s stock after buying an additional 103,155 shares during the period. Schroder Investment Management Group owned 0.28% of HP worth $86,164,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HPQ. Synergy Asset Management LLC acquired a new position in shares of HP during the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in HP during the 4th quarter worth $31,000. OFI Invest Asset Management acquired a new position in HP during the 4th quarter worth $37,000. Itau Unibanco Holding S.A. bought a new position in HP in the 3rd quarter valued at $40,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of HP in the 4th quarter valued at $50,000. Institutional investors own 77.53% of the company’s stock.

HP Trading Down 2.6 %

NYSE:HPQ opened at $27.90 on Monday. HP Inc. has a 1 year low of $27.43 and a 1 year high of $39.80. The stock has a 50-day moving average price of $31.48 and a two-hundred day moving average price of $33.98. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last issued its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays lifted their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Morgan Stanley dropped their price target on shares of HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Sanford C. Bernstein raised their price objective on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company lifted their target price on shares of HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, Loop Capital cut their price target on HP from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.14.

Insider Buying and Selling at HP

In other news, insider Stephanie Liebman sold 15,646 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anneliese Olson sold 21,545 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This represents a 99.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

About HP

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.