Diversified Trust Co Trims Stock Position in HP Inc. $HPQ

Key Points

• Diversified Trust Co has reduced its stock position in HP Inc. by 28.2% in the second quarter, holding 25,260 shares valued at $618,000 after selling nearly 10,000 shares.
• In the fourth quarter, other institutional investors have made significant changes to their positions, with Mackenzie Financial Corp increasing its holdings by 3.9% and several firms acquiring new stakes totaling over $63 million.
• HP reported a 3.1% increase in revenue year-over-year, with earnings meeting estimates at $0.75 EPS, while analysts maintain a mixed outlook with an average price target of $29.38.

Diversified Trust Co lessened its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 28.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,260 shares of the computer maker's stock after selling 9,911 shares during the quarter. Diversified Trust Co's holdings in HP were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HPQ. Mackenzie Financial Corp raised its position in shares of HP by 3.9% during the 4th quarter. Mackenzie Financial Corp now owns 282,750 shares of the computer maker's stock valued at $9,226,000 after buying an additional 10,492 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HP during the 4th quarter valued at approximately $63,612,000. AG Asset Advisory LLC purchased a new stake in HP in the fourth quarter valued at approximately $276,000. Aegis Wealth Management LLC acquired a new position in HP during the fourth quarter worth $261,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of HP during the fourth quarter worth $10,421,000. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Trading Up 0.9%

HP stock opened at $28.52 on Wednesday. The firm has a market capitalization of $26.65 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.28 and a beta of 1.29. The stock's fifty day simple moving average is $26.89 and its 200-day simple moving average is $26.28. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Morgan Stanley cut their price objective on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, May 29th. Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They issued a "market perform" rating and a $30.00 price objective on the stock. Citigroup cut their price objective on HP from $29.00 to $27.50 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, HP has an average rating of "Hold" and an average target price of $29.38.

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.

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