Global Trust Asset Management LLC Grows Position in HP Inc. $HPQ

Global Trust Asset Management LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 492.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,203 shares of the computer maker’s stock after buying an additional 1,000 shares during the quarter. Global Trust Asset Management LLC’s holdings in HP were worth $29,000 as of its most recent SEC filing.

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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HPQ. Sanford C. Bernstein began coverage on HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. Dbs Bank cut HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. 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. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, UBS Group boosted their price objective on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $29.38.

HP Stock Up 0.8%

Shares of NYSE HPQ opened at $26.93 on Tuesday. The business has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $26.22. The firm has a market cap of $25.17 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.15 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 released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP 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.