First Nebraska Trust Co Acquires New Position in HP Inc. $HPQ

First Nebraska Trust Co bought a new position in HP Inc. (NYSE:HPQ) in the first quarter, Holdings Channel reports. The institutional investor bought 78,771 shares of the computer maker’s stock, valued at approximately $1,513,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HPQ. Groupe la Francaise grew its position in HP by 14.9% during the first quarter. Groupe la Francaise now owns 203,459 shares of the computer maker’s stock valued at $3,908,000 after acquiring an additional 26,339 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of HP during the first quarter worth approximately $796,000. South Dakota Investment Council lifted its holdings in shares of HP by 18.5% in the 1st quarter. South Dakota Investment Council now owns 715,294 shares of the computer maker’s stock worth $13,741,000 after acquiring an additional 111,475 shares during the last quarter. Amundi lifted its holdings in shares of HP by 48.6% in the 1st quarter. Amundi now owns 5,187,691 shares of the computer maker’s stock worth $99,657,000 after acquiring an additional 1,696,717 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of HP in the 1st quarter valued at $191,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $27.98, for a total transaction of $294,461.52. Following the completion of the transaction, the insider directly owned 81,676 shares of the company’s stock, valued at approximately $2,285,294.48. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

HPQ has been the topic of several recent research reports. Bank of America increased their target price on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Citigroup boosted their price target on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. TD Cowen upped their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, UBS Group lifted their price objective on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Stock Performance

NYSE:HPQ opened at $27.32 on Friday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The firm has a market cap of $24.99 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 4.60 and a beta of 1.19. The business has a 50 day moving average price of $24.69 and a 200-day moving average price of $21.41.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 4.4%. HP’s payout ratio is presently 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.