HP Inc. $HPQ Shares Sold by Diversified Trust Co

Diversified Trust Co cut its holdings in shares of HP Inc. (NYSE:HPQ) by 48.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,087 shares of the computer maker’s stock after selling 43,371 shares during the period. Diversified Trust Co’s holdings in HP were worth $885,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in shares of HP during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of HP in the fourth quarter valued at $26,000. SHP Wealth Management purchased a new position in HP in the fourth quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares during the period. Finally, Union Savings Bank acquired a new position in HP during the 4th quarter worth $28,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Performance

NYSE:HPQ opened at $23.23 on Thursday. HP Inc. has a 1 year low of $17.56 and a 1 year high of $29.65. The stock has a market cap of $21.25 billion, a P/E ratio of 8.57, a P/E/G ratio of 3.99 and a beta of 1.17. The stock has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $21.21.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last 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, equities research analysts predict that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

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

Insider Activity

In other news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on HPQ. Citigroup upped their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Bank of America boosted their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. UBS Group raised their target price on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price target on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, HP has an average rating of “Reduce” and a consensus target price of $23.33.

About HP

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.