Vest Financial LLC Acquires 20,421 Shares of HP Inc. $HPQ

Key Points

• Vest Financial LLC increased its holdings in HP Inc. by 49.3% during the second quarter, acquiring an additional 20,421 shares to bring its total to 61,804 shares valued at $1,512,000.
• HP's latest earnings report indicated an earnings per share of $0.75, matching analyst expectations, and a revenue of $13.93 billion, surpassing the estimated $13.69 billion.
• Research analysts have provided mixed ratings on HP, with price targets ranging from $26 to $30, while maintaining an overall consensus rating of "Hold".

Vest Financial LLC raised its holdings in shares of HP Inc. (NYSE:HPQ - Free Report) by 49.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,804 shares of the computer maker's stock after acquiring an additional 20,421 shares during the quarter. Vest Financial LLC's holdings in HP were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HPQ. WPG Advisers LLC bought a new stake in HP during the 1st quarter valued at $25,000. Global Trust Asset Management LLC raised its holdings 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 during the period. 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 position in shares of HP in the first quarter worth $39,000. Finally, Financial Freedom LLC increased its holdings in shares of HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after purchasing an additional 878 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of NYSE:HPQ opened at $28.55 on Wednesday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm has a fifty day moving average of $27.41 and a 200 day moving average of $26.10. The firm has a market capitalization of $26.69 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29.

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

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the company's stock in a transaction dated Monday, September 29th. The shares were 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. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. UBS Group upped their price target on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of HP in a report on Wednesday, October 8th. Zacks Research raised shares of HP from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $28.71.

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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