HP Inc. $HPQ Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. grew its stake in HP Inc. (NYSE:HPQ) by 48.5% during the first quarter, HoldingsChannel.com reports. The firm owned 91,874 shares of the computer maker’s stock after purchasing an additional 30,007 shares during the period. First Citizens Bank & Trust Co.’s holdings in HP were worth $1,765,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Garner Asset Management Corp acquired a new position in HP in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in HP during the fourth quarter valued at approximately $26,000. SHP Wealth Management bought a new position in HP during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC lifted its holdings in HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after buying an additional 646 shares during the last quarter. Finally, Union Savings Bank acquired a new position in shares of HP in the 4th quarter worth approximately $28,000. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HPQ. UBS Group boosted their price target on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. TD Cowen increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company raised their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research 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 stock. According to data from MarketBeat, HP currently has a consensus rating of “Reduce” and an average price target of $23.33.

HP Trading Up 1.4%

NYSE:HPQ opened at $25.15 on Thursday. The stock has a 50 day moving average of $23.96 and a 200-day moving average of $21.15. The firm has a market capitalization of $23.00 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 4.19 and a beta of 1.19. HP Inc. has a 52 week low of $17.56 and a 52 week high of $29.65.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the business posted $0.71 EPS. The business’s revenue 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. As a group, analysts predict that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is 44.28%.

Insiders Place Their Bets

In related news, insider David P. Mcquarrie sold 10,524 shares of HP stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider directly owned 92,200 shares in the company, valued at $2,275,496. This trade represents a 10.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is currently owned by corporate insiders.

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.