Arvest Bank Trust Division Increases Position in HP Inc. $HPQ

Arvest Bank Trust Division boosted its position in HP Inc. (NYSE:HPQ) by 321.0% in the 1st quarter, Holdings Channel reports. The fund owned 92,832 shares of the computer maker’s stock after purchasing an additional 70,780 shares during the period. Arvest Bank Trust Division’s holdings in HP were worth $1,783,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s 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 directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. The trade was a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

HP Trading Up 2.3%

NYSE:HPQ opened at $24.79 on Wednesday. The firm’s fifty day simple moving average is $23.88 and its 200 day simple moving average is $21.13. HP Inc. has a twelve month low of $17.56 and a twelve month high of $29.65. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 4.09 and a beta of 1.19.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The company 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 firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $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, analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group boosted their target price on shares of HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. TD Cowen lifted their price target on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Bank of America lifted their price target on shares of HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, HP has a consensus rating of “Reduce” and an average price target 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.