Legacy Private Trust Co. Reduces Stock Holdings in HP Inc. $HPQ

Legacy Private Trust Co. decreased its stake in HP Inc. (NYSE:HPQ) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,000 shares of the computer maker’s stock after selling 885 shares during the quarter. Legacy Private Trust Co.’s holdings in HP were worth $440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of HP in the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP in the 1st quarter worth approximately $35,000. Iron Horse Wealth Management LLC purchased a new position in shares of HP in the 1st quarter worth approximately $39,000. Financial Freedom LLC boosted its holdings in shares of HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after purchasing an additional 878 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HPQ. JPMorgan Chase & Co. boosted their price objective on HP from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Citigroup dropped their price objective on HP from $29.00 to $27.50 and set a “neutral” rating for the company in a report on Thursday, May 29th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. TD Cowen dropped their price objective on HP from $38.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, May 29th. Finally, Barclays dropped their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HP has a consensus rating of “Hold” and an average target price of $29.71.

HP Trading Down 0.8%

HPQ opened at $27.75 on Tuesday. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 2.25 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a fifty day moving average price of $26.55 and a 200-day moving average price of $26.33.

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

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.