Truist Financial Corp Lowers Stock Position in HP Inc. $HPQ

Truist Financial Corp lowered its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 14.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,071 shares of the computer maker's stock after selling 22,938 shares during the quarter. Truist Financial Corp's holdings in HP were worth $3,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Plato Investment Management Ltd lifted its position in HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker's stock valued at $869,000 after buying an additional 363 shares during the period. Coppell Advisory Solutions LLC lifted its position in HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker's stock valued at $223,000 after buying an additional 369 shares during the period. Fiduciary Financial Group LLC raised its position in shares of HP by 3.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker's stock worth $324,000 after purchasing an additional 390 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of HP by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker's stock worth $561,000 after purchasing an additional 411 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker's stock worth $102,000 after purchasing an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HPQ. Sanford C. Bernstein began coverage on HP in a research report on Monday, September 15th. They issued a "market perform" rating and a $30.00 price target for the company. UBS Group lifted their price target on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of HP in a research report on Wednesday. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.38.

Insider Activity

In other HP news, CEO Enrique Lores sold 34,282 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

HP Stock Performance

Shares of NYSE:HPQ opened at $27.09 on Thursday. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The business has a 50-day simple moving average of $27.23 and a two-hundred day simple moving average of $26.16. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP 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.

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