Riverview Trust Co Has $91,000 Stock Position in HP Inc. $HPQ

Riverview Trust Co lessened its holdings in shares of HP Inc. (NYSE:HPQ) by 17.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,715 shares of the computer maker’s stock after selling 786 shares during the period. Riverview Trust Co’s holdings in HP were worth $91,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of HPQ. WPG Advisers LLC acquired a new position in HP during the 1st quarter worth about $25,000. Global Trust Asset Management LLC raised its position in shares of HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after acquiring an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of HP in the first quarter worth approximately $35,000. Iron Horse Wealth Management LLC bought a new stake in HP in the first quarter valued at approximately $39,000. Finally, Financial Freedom LLC increased its position in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 878 shares during the period. Institutional investors own 77.53% of the company’s stock.

Analysts Set New Price Targets

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

HP Stock Performance

Shares of HP stock opened at $26.70 on Thursday. The stock has a market capitalization of $24.95 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The stock has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $26.23.

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

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

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.