First Nebraska Trust Co Purchases New Shares in HP Inc. $HPQ

Key Points

• First Nebraska Trust Co. opened a new HP position, buying 79,408 shares worth approximately $2.48 million in the third quarter.
• Analyst sentiment is cautious: four analysts rate HP a Buy, eight a Hold and five a Sell; the consensus rating is “Reduce,” with a $26.30 price target.
• HP’s latest reported quarter beat expectations, with EPS of $0.83 versus $0.66 expected and revenue of $15.68 billion, up 12.5% year over year.

First Nebraska Trust Co purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 79,408 shares of the computer maker's stock, valued at approximately $2,483,000.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker's stock worth $110,000 after purchasing an additional 467 shares during the period. Legacy Wealth Asset Management LLC lifted its position in HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker's stock valued at $1,772,000 after purchasing an additional 491 shares in the last quarter. Founders Financial Securities LLC lifted its position in HP by 0.8% during the third quarter. Founders Financial Securities LLC now owns 62,324 shares of the computer maker's stock valued at $1,949,000 after purchasing an additional 496 shares in the last quarter. Cullinan Associates Inc. grew its holdings in HP by 0.3% during the second quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker's stock valued at $4,154,000 after purchasing an additional 540 shares during the period. Finally, Elevation Wealth Partners LLC grew its holdings in HP by 2.5% during the third quarter. Elevation Wealth Partners LLC now owns 22,488 shares of the computer maker's stock valued at $703,000 after purchasing an additional 550 shares during the period. Institutional investors own 77.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on HPQ. JPMorgan Chase & Co. upped their price target on HP from $27.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 25th. Loop Capital lifted their price objective on HP from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, August 28th. The Goldman Sachs Group boosted their price objective on HP from $21.00 to $22.00 and gave the company a "sell" rating in a research note on Monday, August 31st. Barclays increased their target price on shares of HP from $19.00 to $23.00 and gave the stock an "underweight" rating in a report on Friday, August 28th. Finally, Zacks Research lowered shares of HP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $26.30.

HP Price Performance

HPQ stock opened at $28.26 on Wednesday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $36.22. The company has a market capitalization of $25.49 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.55 and a beta of 1.16. The business has a 50 day simple moving average of $31.69 and a two-hundred day simple moving average of $24.62.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.44 billion. During the same quarter last year, the business posted $0.75 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Sell-side analysts anticipate that HP Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 31,572 shares of the firm's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the transaction, the insider owned 8,008 shares in the company, valued at $257,216.96. This trade represents a 79.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of HP stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 71,617 shares of company stock worth $2,263,654. Corporate insiders own 0.18% of the company's stock.

HP Company Profile

HP Inc NYSE: HPQ is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.

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