Comerica Bank Has $4.67 Million Position in HP Inc. $HPQ

Key Points

• Comerica Bank increased its holdings in HP Inc. by 7.1%, owning 168,669 shares worth $4.67 million as of the most recent quarter.
• HP recently reported earnings of $0.75 per share, meeting analysts' estimates, and achieved a revenue of $13.93 billion, surpassing expectations.
• The company also declared a quarterly dividend of $0.2894 per share, reflecting a 4.1% yield, with payment scheduled for October 1st.

Comerica Bank raised its stake in HP Inc. (NYSE:HPQ - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,669 shares of the computer maker's stock after buying an additional 11,128 shares during the period. Comerica Bank's holdings in HP were worth $4,670,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Freedom Investment Management Inc. raised its holdings in HP by 11.3% in the first quarter. Freedom Investment Management Inc. now owns 40,791 shares of the computer maker's stock worth $1,129,000 after buying an additional 4,132 shares during the last quarter. Oak Harvest Investment Services grew its stake in shares of HP by 4.9% in the first quarter. Oak Harvest Investment Services now owns 167,963 shares of the computer maker's stock worth $4,651,000 after acquiring an additional 7,906 shares during the period. Jump Financial LLC bought a new stake in shares of HP in the first quarter worth approximately $6,359,000. Cadence Bank grew its stake in shares of HP by 1.8% in the first quarter. Cadence Bank now owns 156,320 shares of the computer maker's stock worth $4,328,000 after acquiring an additional 2,797 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of HP by 8.9% in the first quarter. Smartleaf Asset Management LLC now owns 10,251 shares of the computer maker's stock worth $286,000 after acquiring an additional 839 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HPQ. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Wells Fargo & Company dropped their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. lifted their price objective on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Barclays decreased their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. Finally, KGI Securities started coverage on shares of HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HP has an average rating of "Hold" and a consensus target price of $29.96.

HP Stock Down 0.1%

NYSE:HPQ traded down $0.02 during midday trading on Thursday, reaching $28.69. The stock had a trading volume of 1,759,452 shares, compared to its average volume of 8,352,965. The stock has a market cap of $26.81 billion, a P/E ratio of 10.46, a P/E/G ratio of 2.30 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $26.72.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the previous year, the firm earned $0.83 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.16 annualized dividend and a yield of 4.0%. HP's dividend payout ratio (DPR) is currently 42.34%.

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.