Chevy Chase Trust Holdings LLC Acquires 6,386 Shares of HP Inc. $HPQ

Chevy Chase Trust Holdings LLC grew its holdings in HP Inc. (NYSE:HPQ) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 500,887 shares of the computer maker’s stock after acquiring an additional 6,386 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of HP worth $12,252,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HPQ. Nuveen LLC bought a new stake in shares of HP in the first quarter worth about $179,037,000. Invesco Ltd. increased its holdings in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after acquiring an additional 1,829,411 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after buying an additional 1,147,342 shares during the period. Banque Transatlantique SA acquired a new position in shares of HP during the first quarter worth about $22,377,000. Finally, Acadian Asset Management LLC boosted its position in shares of HP by 745.3% during the first quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after buying an additional 761,494 shares during the period. 77.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the firm’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 value of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several recent research reports. Barclays reduced their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. Finally, Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and an average target price of $28.71.

HP Stock Up 0.7%

HPQ stock opened at $27.39 on Monday. The business has a 50 day moving average price of $27.54 and a two-hundred day moving average price of $26.12. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.20 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79.

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

About HP

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.