Diversified Trust Co Lowers Stock Holdings in HP Inc. $HPQ

Diversified Trust Co lowered its stake in shares of HP Inc. (NYSE:HPQ) by 28.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,260 shares of the computer maker’s stock after selling 9,911 shares during the period. Diversified Trust Co’s holdings in HP were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Plato Investment Management Ltd grew its holdings in shares of HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after buying an additional 363 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after buying an additional 369 shares during the last quarter. Fiduciary Financial Group LLC grew its holdings in shares of HP by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after buying an additional 390 shares during the last quarter. Bleakley Financial Group LLC lifted its position in HP by 2.1% in the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock valued at $561,000 after purchasing an additional 411 shares during the period. Finally, Private Trust Co. NA lifted its position in HP by 13.3% in the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock valued at $102,000 after purchasing an additional 433 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Up 0.9%

HPQ stock opened at $28.52 on Wednesday. The firm has a 50 day moving average of $26.89 and a 200-day moving average of $26.28. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.28 and a beta of 1.29.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America reduced their price objective on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Citigroup reduced their price objective on shares of HP from $29.00 to $27.50 and set a “neutral” rating for the company in a research report on Thursday, May 29th. UBS Group raised their price objective on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. KGI Securities assumed coverage on shares of HP in a research report on Thursday, May 29th. They issued a “neutral” rating for the company. Finally, Dbs Bank downgraded shares of HP from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 11th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.38.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.