Boyd Watterson Asset Management LLC OH Reduces Holdings in HP Inc. $HPQ

by · The Cerbat Gem

Boyd Watterson Asset Management LLC OH decreased its position in shares of HP Inc. (NYSE:HPQ – Free Report) by 59.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,359 shares of the computer maker’s stock after selling 7,979 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in HP were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HPQ. GAMMA Investing LLC raised its stake 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 acquiring an additional 2,936 shares during the period. Golden State Wealth Management LLC raised its stake in HP by 165.3% during the 1st 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. Perigon Wealth Management LLC raised its stake in HP by 61.6% during the 1st quarter. Perigon Wealth Management LLC now owns 10,703 shares of the computer maker’s stock worth $296,000 after acquiring an additional 4,079 shares during the period. Sequoia Financial Advisors LLC raised its stake in HP by 4.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 26,291 shares of the computer maker’s stock worth $728,000 after acquiring an additional 1,163 shares during the period. Finally, Western Wealth Management LLC raised its stake in HP by 6.8% during the 1st quarter. Western Wealth Management LLC now owns 7,910 shares of the computer maker’s stock worth $219,000 after acquiring an additional 505 shares during the period. Institutional investors own 77.53% of the company’s stock.

HP Stock Performance

Shares of HPQ opened at $27.87 on Tuesday. The company’s fifty day moving average is $27.68 and its 200 day moving average is $26.32. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79. The stock has a market capitalization of $26.05 billion, a PE ratio of 10.17, a P/E/G ratio of 2.22 and a beta of 1.29.

HP (NYSE:HPQ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. HP’s quarterly revenue was up 3.1% on a year-over-year basis. 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 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HPQ shares. Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research report on Wednesday, October 8th. Barclays reduced their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 28th. Finally, UBS Group lifted their price objective on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.71.

View Our Latest Analysis on HP

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction on 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 of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by insiders.

About HP

(Free Report)

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.

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