HP Inc. $HPQ Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. boosted its stake in shares of HP Inc. (NYSE:HPQ) by 48.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,874 shares of the computer maker’s stock after purchasing an additional 30,007 shares during the period. First Citizens Bank & Trust Co.’s holdings in HP were worth $1,765,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. DNB Asset Management AS increased its holdings in shares of HP by 242.2% during the 4th quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after buying an additional 7,498,202 shares during the last quarter. Norges Bank acquired a new position in HP in the fourth quarter valued at $149,309,000. Arrowstreet Capital Limited Partnership grew its position in HP by 186.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after acquiring an additional 5,449,691 shares during the period. AQR Capital Management LLC grew its position in HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC increased its stake in HP by 626.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock worth $110,257,000 after acquiring an additional 4,267,600 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HPQ shares. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. Morgan Stanley boosted their target price on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group increased their target price 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. Citigroup raised their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Bank of America boosted their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Price Performance

Shares of NYSE HPQ opened at $25.15 on Thursday. HP Inc. has a 1-year low of $17.56 and a 1-year high of $29.65. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 4.19 and a beta of 1.19. The business has a 50-day moving average of $23.96 and a 200-day moving average of $21.15.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same quarter in the prior year, the business earned $0.71 EPS. HP’s quarterly revenue was up 9.0% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts expect that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 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.