Chevy Chase Trust Holdings LLC Has $12.25 Million Stake in HP Inc. $HPQ

Chevy Chase Trust Holdings LLC grew its holdings in HP Inc. (NYSE:HPQ) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,887 shares of the computer maker’s stock after buying an additional 6,386 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in HP were worth $12,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HPQ. GAMMA Investing LLC lifted its holdings in HP by 23.1% during the 1st quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker’s stock worth $434,000 after purchasing an additional 2,936 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in HP by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker’s stock worth $7,036,000 after purchasing an additional 8,910 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in HP by 24.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,760 shares of the computer maker’s stock worth $409,000 after purchasing an additional 2,935 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in HP by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 237,181 shares of the computer maker’s stock worth $6,568,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in HP by 6.3% during the 1st quarter. Johnson Investment Counsel Inc. now owns 31,282 shares of the computer maker’s stock worth $866,000 after purchasing an additional 1,850 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction 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 transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $27.39 on Monday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The business’s fifty day moving average is $27.54 and its 200-day moving average is $26.12. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.20 and a beta of 1.29.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) 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 company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter last year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 price target for the company. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price objective on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.71.

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.