Fifth Third Wealth Advisors LLC Sells 1,112 Shares of HP Inc. $HPQ

Fifth Third Wealth Advisors LLC cut its holdings in shares of HP Inc. (NYSE:HPQ) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,727 shares of the computer maker’s stock after selling 1,112 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in HP were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Invesco Ltd. raised its holdings in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after acquiring an additional 1,829,411 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock worth $277,265,000 after purchasing an additional 724,020 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker’s stock worth $228,204,000 after purchasing an additional 189,969 shares during the last quarter. Nuveen LLC bought a new stake in shares of HP in the first quarter worth about $179,037,000. Finally, American Century Companies Inc. increased its holdings in shares of HP by 7.4% in the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker’s stock worth $147,006,000 after purchasing an additional 367,418 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HPQ. JPMorgan Chase & Co. lifted their target price on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Evercore ISI reaffirmed an “in-line” rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group lifted their target price on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HP presently has an average rating of “Hold” and an average target price of $29.38.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company’s stock.

HP Stock Performance

HPQ opened at $27.34 on Tuesday. The stock has a market cap of $25.55 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 2.06 and a beta of 1.29. The stock’s 50 day moving average price is $27.34 and its 200-day moving average price is $26.08. HP Inc. has a one year low of $21.21 and a one year high of $39.79.

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