CENTRAL TRUST Co Reduces Stock Holdings in HP Inc. $HPQ

CENTRAL TRUST Co lowered its stake in shares of HP Inc. (NYSE:HPQ) by 28.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 69,661 shares of the computer maker’s stock after selling 27,528 shares during the quarter. CENTRAL TRUST Co’s holdings in HP were worth $1,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cidel Asset Management Inc. lifted its position in HP by 42.9% in the first quarter. Cidel Asset Management Inc. now owns 23,304 shares of the computer maker’s stock worth $448,000 after buying an additional 6,997 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new position in HP during the first quarter valued at $343,000. SVB Wealth LLC raised its stake in shares of HP by 11.9% in the first quarter. SVB Wealth LLC now owns 14,624 shares of the computer maker’s stock valued at $281,000 after acquiring an additional 1,560 shares during the period. LMG Wealth Partners LLC raised its stake in shares of HP by 54.9% in the first quarter. LMG Wealth Partners LLC now owns 62,694 shares of the computer maker’s stock valued at $1,204,000 after acquiring an additional 22,230 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of HP by 0.3% in the 4th quarter. Hsbc Holdings PLC now owns 4,583,299 shares of the computer maker’s stock worth $102,256,000 after acquiring an additional 14,495 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HPQ shares. The Goldman Sachs Group increased their price objective on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. TD Cowen increased their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Bank of America raised their price target on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wells Fargo & Company increased their target price on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

Insiders Place Their Bets

In related news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider directly owned 92,200 shares of the company’s stock, valued at $2,275,496. This represents a 10.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

HP Stock Down 1.5%

HPQ opened at $22.94 on Friday. The stock’s fifty day moving average is $22.83 and its two-hundred day moving average is $21.19. The company has a market capitalization of $20.98 billion, a P/E ratio of 8.47, a PEG ratio of 3.94 and a beta of 1.17. 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 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts anticipate that HP Inc. will post 2.97 earnings per share for the current year.

HP Dividend Announcement

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

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.