Vest Financial LLC Acquires 104,030 Shares of HP Inc. $HPQ

Vest Financial LLC lifted its holdings in HP Inc. (NYSE:HPQ) by 27.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 476,437 shares of the computer maker’s stock after purchasing an additional 104,030 shares during the quarter. Vest Financial LLC’s holdings in HP were worth $14,903,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in HP during the 2nd quarter worth about $2,357,757,000. State Street Corp grew its holdings in HP by 1.5% during the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after acquiring an additional 757,961 shares during the last quarter. Primecap Management Co. CA acquired a new stake in HP in the 2nd quarter valued at about $545,984,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in HP by 3.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after acquiring an additional 254,828 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in HP in the 2nd quarter valued at about $180,689,000. 77.53% of the stock is owned by institutional investors.

Insider Activity at HP

In other news, insider David McQuarrie sold 31,572 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total value of $1,014,092.64. Following the sale, the insider owned 8,008 shares of the company’s stock, valued at $257,216.96. The trade was a 79.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 73,668 shares of company stock valued at $2,232,982 over the last 90 days. Insiders own 0.18% of the company’s stock.

HP Stock Performance

Shares of HP stock opened at $33.82 on Friday. The firm has a market cap of $30.50 billion, a PE ratio of 12.91, a P/E/G ratio of 1.63 and a beta of 1.17. The business’s 50 day simple moving average is $31.47 and its 200 day simple moving average is $26.37. HP Inc. has a 52-week low of $17.56 and a 52-week high of $36.22.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts predict that HP Inc. will post 3.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HPQ shares. Evercore set a $32.00 target price on shares of HP in a research report on Monday, August 24th. The Goldman Sachs Group upped their target price on shares of HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Morgan Stanley lowered their price target on HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $32.00 price objective on shares of HP in a research report on Thursday, August 27th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $25.42.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.