First Nebraska Trust Co Purchases Shares of 78,236 HP Inc. $HPQ

First Nebraska Trust Co purchased a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 78,236 shares of the computer maker's stock, valued at approximately $1,716,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in HP during the second quarter worth about $2,357,757,000. DNB Asset Management AS lifted its holdings in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker's stock valued at $236,048,000 after acquiring an additional 7,498,202 shares during the period. Norges Bank purchased a new stake in HP in the 4th quarter worth approximately $149,309,000. Deutsche Bank AG purchased a new stake in HP in the 2nd quarter worth approximately $140,172,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker's stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the period. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Price Performance

HP stock opened at $29.76 on Friday. The stock has a market capitalization of $27.22 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. The business has a 50 day simple moving average of $25.78 and a 200-day simple moving average of $22.40. HP Inc. has a 12 month low of $17.56 and a 12 month high of $32.19.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. HP's dividend payout ratio (DPR) is 44.28%.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider owned 39,580 shares of the company's stock, valued at $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,620 shares of company stock valued at $1,478,622 in the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

HPQ has been the subject of several recent research reports. Wall Street Zen raised shares of HP from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group raised their price target on shares of HP from $20.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, May 28th. Bank of America lifted their price objective on shares of HP from $16.00 to $18.00 and gave the company an "underperform" rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group increased their target price on shares of HP from $19.00 to $21.00 and gave the stock a "sell" rating in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, HP has a consensus rating of "Reduce" and an average price target of $23.50.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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