Wilmington Savings Fund Society FSB Trims Holdings in HP Inc. $HPQ

Wilmington Savings Fund Society FSB decreased its holdings in HP Inc. (NYSE:HPQ) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,604 shares of the computer maker’s stock after selling 831 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in HP were worth $602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPQ. GAMMA Investing LLC raised its position in HP by 23.1% in the 1st quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker’s stock valued at $434,000 after purchasing an additional 2,936 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in HP by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker’s stock valued at $7,036,000 after purchasing an additional 8,910 shares during the last quarter. Exchange Traded Concepts LLC raised its position 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 buying an additional 2,935 shares during the last quarter. Janney Montgomery Scott LLC raised its position 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 buying an additional 1,484 shares during the last quarter. Finally, Clarius Group LLC raised its position in HP by 7.0% during the 1st quarter. Clarius Group LLC now owns 9,451 shares of the computer maker’s stock worth $262,000 after buying an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Barclays cut their price objective on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. Finally, Evercore ISI restated an “in-line” rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.71.

Insider Buying and Selling

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

HP Stock Up 0.7%

Shares of HPQ opened at $27.39 on Friday. The company has a 50-day simple moving average of $27.54 and a 200-day simple moving average of $26.11. The company has a market capitalization of $25.60 billion, a PE ratio of 10.00, a P/E/G 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.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Company 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.