Trust Co. of Toledo NA OH Invests $130,000 in HP Inc. $HPQ

Trust Co. of Toledo NA OH bought a new position in HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,313 shares of the computer maker’s stock, valued at approximately $130,000.

Several other large investors have also recently added to or reduced their stakes in the company. Aberdeen Group plc grew its stake in HP by 9.4% during the second quarter. Aberdeen Group plc now owns 954,250 shares of the computer maker’s stock worth $23,403,000 after buying an additional 81,799 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in HP by 16.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 179,580 shares of the computer maker’s stock worth $4,393,000 after acquiring an additional 25,076 shares during the last quarter. Argyle Capital Management LLC grew its position in HP by 4.0% during the 2nd quarter. Argyle Capital Management LLC now owns 41,375 shares of the computer maker’s stock worth $1,012,000 after acquiring an additional 1,600 shares during the last quarter. IFP Advisors Inc grew its position in HP by 53.4% during the 2nd quarter. IFP Advisors Inc now owns 26,816 shares of the computer maker’s stock worth $681,000 after acquiring an additional 9,337 shares during the last quarter. Finally, Callan Family Office LLC grew its position in HP by 226.6% during the 2nd quarter. Callan Family Office LLC now owns 143,085 shares of the computer maker’s stock worth $3,500,000 after acquiring an additional 99,279 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Trading Down 5.2%

HP stock opened at $25.57 on Monday. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a market cap of $23.90 billion, a PE ratio of 9.33, a PEG ratio of 2.06 and a beta of 1.29. The company’s 50-day moving average is $27.29 and its two-hundred day moving average is $26.09.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the business posted $0.83 earnings per share. HP’s 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. Research analysts forecast that HP Inc. will post 3.56 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HPQ. Sanford C. Bernstein began coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price on the stock. Barclays decreased their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. JPMorgan Chase & Co. increased their price objective on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Evercore ISI reiterated an “in-line” rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.38.

Insider Buying and Selling at HP

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is owned by corporate insiders.

About HP

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.