HP Inc. $HPQ Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in HP Inc. (NYSE:HPQ) by 511.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 157,151 shares of the computer maker’s stock after acquiring an additional 131,446 shares during the quarter. Fifth Third Bancorp’s holdings in HP were worth $3,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp purchased a new position in shares of HP in the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of HP during the 4th quarter worth $26,000. SHP Wealth Management acquired a new position in shares of HP during the fourth quarter worth $26,000. Union Savings Bank purchased a new position in HP in the fourth quarter valued at $28,000. Finally, DV Equities LLC purchased a new stake in HP during the fourth quarter worth approximately $29,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HPQ shares. Bank of America boosted their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Citigroup boosted their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised their target price on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Trading Down 2.4%

Shares of HPQ stock opened at $24.25 on Tuesday. The stock has a 50 day simple moving average of $23.81 and a 200-day simple moving average of $21.11. The company has a market cap of $22.18 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 4.19 and a beta of 1.19. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. 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 analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. HP’s dividend payout ratio (DPR) 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.