US Bancorp DE lowered its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,207 shares of the computer maker's stock after selling 51,467 shares during the period. US Bancorp DE's holdings in HP were worth $5,973,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in HP during the 1st quarter valued at $25,000. Global Trust Asset Management LLC raised its stake in HP by 492.6% during the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in HP during the 1st quarter valued at $35,000. Iron Horse Wealth Management LLC bought a new stake in HP during the 1st quarter valued at $39,000. Finally, Financial Freedom LLC raised its stake in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after acquiring an additional 878 shares in the last quarter. Institutional investors own 77.53% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on HPQ. JPMorgan Chase & Co. increased their price target on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They set a "market perform" rating and a $30.00 price target for the company. UBS Group increased their price target on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HP in a research note on Wednesday, October 8th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $29.00 price target on shares of HP in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $29.38.
View Our Latest Analysis on HPQ
Insiders Place Their Bets
In related news, CEO Enrique Lores sold 34,282 shares of the company's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares of the company's stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company's stock.
HP Stock Down 5.2%
HPQ opened at $25.57 on Monday. The firm has a market cap of $23.90 billion, a PE ratio of 9.33, a P/E/G ratio of 2.06 and a beta of 1.29. The business has a fifty day simple moving average of $27.29 and a 200-day simple moving average of $26.09. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.
HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $13.93 billion during 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%.The company's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.
About HP
(
Free Report)
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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