HP Inc. $HPQ Shares Sold by Comerica Bank

Comerica Bank cut its position in HP Inc. (NYSE:HPQ) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,379 shares of the computer maker’s stock after selling 30,890 shares during the quarter. Comerica Bank’s holdings in HP were worth $2,704,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of HP in the 4th quarter valued at about $26,000. Sound Income Strategies LLC lifted its position in HP by 97.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock worth $27,000 after acquiring an additional 646 shares during the period. Westfuller Advisors LLC acquired a new stake in HP during the 3rd quarter worth approximately $28,000. Caitlin John LLC acquired a new stake in HP during the 3rd quarter worth approximately $30,000. Finally, CoreCap Advisors LLC lifted its position in HP by 50.6% during the 3rd quarter. CoreCap Advisors LLC now owns 1,422 shares of the computer maker’s stock worth $39,000 after acquiring an additional 478 shares during the period. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HPQ has been the subject of a number of recent research reports. Evercore set a $22.00 price objective on HP in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a research report on Thursday, January 22nd. Wells Fargo & Company decreased their price objective on HP from $25.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, February 25th. Bank of America reaffirmed an “underperform” rating and set a $20.00 price objective (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, HP presently has a consensus rating of “Reduce” and an average target price of $21.58.

HP Price Performance

NYSE HPQ opened at $20.81 on Tuesday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.55. The company has a market capitalization of $19.04 billion, a P/E ratio of 7.88, a PEG ratio of 5.79 and a beta of 1.09. The business has a 50 day moving average price of $19.14 and a 200 day moving average price of $21.74.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, February 24th. The computer maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The firm had revenue of $14.44 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period last year, the business posted $0.74 EPS. HP’s quarterly revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. On average, research analysts expect that HP Inc. will post 2.84 earnings per share for the current fiscal year.

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.