Fulton Bank N.A. Has $3.40 Million Stock Position in HP Inc. $HPQ

Key Points

• Fulton Bank N.A. reduced its holdings in HP Inc. by 8.4%, selling 12,776 shares to hold a total of 138,814 shares valued at $3.395 million.
• Several other hedge funds increased their stakes in HP, with Lazard Asset Management boosting its position by 98.2% and the State of Wyoming increasing its stake by 30.1%.
• Analysts have mixed ratings on HP stock, with price targets ranging from $25.00 to $30.00, resulting in a consensus rating of "Hold" and a consensus target price of $29.38.

Fulton Bank N.A. reduced its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,814 shares of the computer maker's stock after selling 12,776 shares during the quarter. Fulton Bank N.A.'s holdings in HP were worth $3,395,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in HP during the first quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in HP in the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC acquired a new stake in HP in the first quarter valued at approximately $39,000. Financial Freedom LLC grew its holdings in HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after purchasing an additional 878 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after acquiring an additional 947 shares during the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of NYSE HPQ traded down $0.08 during midday trading on Friday, reaching $28.16. 12,697,868 shares of the company's stock were exchanged, compared to its average volume of 9,582,931. The business's fifty day moving average price is $26.74 and its two-hundred day moving average price is $26.31. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market capitalization of $26.32 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.27 and a beta of 1.29.

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

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on HP in a research note on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective on the stock. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. UBS Group boosted their price objective on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Evercore ISI restated an "in-line" rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. upped their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.38.

HP Company 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.