78,236 Shares in HP Inc. $HPQ Acquired by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in HP Inc. (NYSE:HPQ) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 78,236 shares of the computer maker’s stock, valued at approximately $1,716,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HPQ. Vanguard Group Inc. boosted its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares during the last quarter. BlackRock Inc. purchased a new stake in HP during the 2nd quarter valued at about $2,357,757,000. State Street Corp raised its holdings in HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after acquiring an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC raised its holdings in HP by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock valued at $607,373,000 after acquiring an additional 274,033 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in HP by 31.7% in the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 52,620 shares of company stock worth $1,478,622. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

HPQ has been the subject of several recent research reports. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company boosted their price objective on HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on HP from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Citigroup raised their target price on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Finally, TD Cowen lifted 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. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, HP currently has a consensus rating of “Reduce” and a consensus price target of $23.50.

HP Price Performance

Shares of NYSE HPQ opened at $29.76 on Friday. The company has a market capitalization of $27.22 billion, a P/E ratio of 10.98, a P/E/G ratio of 5.01 and a beta of 1.17. The company has a 50 day simple moving average of $25.78 and a 200-day simple moving average of $22.40. HP Inc. has a 1 year low of $17.56 and a 1 year high of $32.19.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior 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. As a group, research analysts expect that HP Inc. will post 2.98 EPS 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio 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.