CENTRAL TRUST Co Trims Stake in HP Inc. $HPQ

CENTRAL TRUST Co lessened its stake in HP Inc. (NYSE:HPQ) by 28.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,661 shares of the computer maker’s stock after selling 27,528 shares during the period. CENTRAL TRUST Co’s holdings in HP were worth $1,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock valued at $2,943,063,000 after buying an additional 2,435,634 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of HP by 8.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock worth $45,063,000 after acquiring an additional 157,464 shares in the last quarter. Capitolis Liquid Global Markets LLC purchased a new stake in shares of HP during the 3rd quarter worth about $22,601,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of HP during the 4th quarter valued at about $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of HP by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock valued at $43,747,000 after acquiring an additional 103,175 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Bank of America boosted their price target on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. TD Cowen upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group lifted their target price on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.33.

HP Trading Down 1.5%

NYSE:HPQ opened at $22.94 on Friday. The company has a market cap of $20.98 billion, a P/E ratio of 8.47, a P/E/G ratio of 3.94 and a beta of 1.17. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The company’s 50-day moving average price is $22.83 and its 200-day moving average price is $21.19.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. HP’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, analysts expect that HP Inc. will post 2.97 earnings per share for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. HP’s dividend payout ratio is 44.28%.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett?Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.