Mutual Advisors LLC Sells 583 Shares of HP Inc. $HPQ

by · The Cerbat Gem

Mutual Advisors LLC trimmed its holdings in HP Inc. (NYSE:HPQ – Free Report) by 0.9% in the 2nd quarter, Holdings Channel reports. The fund owned 63,850 shares of the computer maker’s stock after selling 583 shares during the quarter. Mutual Advisors LLC’s holdings in HP were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of HP in the first quarter valued at approximately $25,000. Global Trust Asset Management LLC raised its stake in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of HP in the first quarter valued at $35,000. Iron Horse Wealth Management LLC acquired a new position in shares of HP in the first quarter valued at $39,000. Finally, Golden State Wealth Management LLC raised its stake in shares of HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

HP Price Performance

HP stock opened at $27.39 on Friday. The stock has a fifty day moving average price of $27.54 and a two-hundred day moving average price of $26.11. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The firm has a market capitalization of $25.60 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting 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 analyst estimates of $13.69 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The business’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. On average, equities research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on HPQ shares. JPMorgan Chase & Co. upped their target price on HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Barclays cut their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, August 28th. Sanford C. Bernstein started coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 target price for the company. Finally, Evercore ISI restated an “in-line” rating and issued a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HP currently has a consensus rating of “Hold” and an average target price of $28.71.

Get Our Latest Stock Analysis on HP

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of the company’s 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 transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.

HP Profile

(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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