Fifth Third Bancorp Grows Position in HP Inc. $HPQ

Fifth Third Bancorp grew its stake in shares of HP Inc. (NYSE:HPQ) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,288 shares of the computer maker’s stock after purchasing an additional 1,618 shares during the quarter. Fifth Third Bancorp’s holdings in HP were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HPQ. WPG Advisers LLC purchased a new stake in HP in the first quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in HP in the first quarter worth $35,000. Iron Horse Wealth Management LLC purchased a new stake in HP in the first quarter worth $39,000. Financial Freedom LLC lifted its stake in HP by 141.4% in the first quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock worth $42,000 after acquiring an additional 878 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 0.5%

HPQ opened at $26.71 on Monday. The stock has a fifty day simple moving average of $27.02 and a two-hundred day simple moving average of $26.23. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 firm 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 company earned $0.83 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts predict that HP Inc. will post 3.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Dbs Bank lowered HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. UBS Group raised their price target on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised their price target on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.38.

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.