HP Inc. $HPQ Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in shares of HP Inc. (NYSE:HPQ) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 724,564 shares of the computer maker’s stock after acquiring an additional 77,427 shares during the period. First Horizon Advisors Inc. owned 0.08% of HP worth $17,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Commonwealth Retirement Investments LLC raised its position in shares of HP by 6.8% during the 2nd quarter. Commonwealth Retirement Investments LLC now owns 55,122 shares of the computer maker’s stock worth $1,348,000 after acquiring an additional 3,526 shares in the last quarter. Milestone Asset Management LLC lifted its stake in HP by 17.8% in the second quarter. Milestone Asset Management LLC now owns 23,580 shares of the computer maker’s stock valued at $577,000 after buying an additional 3,562 shares during the last quarter. NewSquare Capital LLC lifted its stake in HP by 4.2% in the second quarter. NewSquare Capital LLC now owns 180,511 shares of the computer maker’s stock valued at $4,350,000 after buying an additional 7,263 shares during the last quarter. South Dakota Investment Council purchased a new stake in HP in the second quarter valued at approximately $9,264,000. Finally, State of Michigan Retirement System lifted its stake in HP by 2.9% in the second quarter. State of Michigan Retirement System now owns 333,562 shares of the computer maker’s stock valued at $8,159,000 after buying an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Down 4.0%

NYSE:HPQ opened at $25.93 on Wednesday. The firm has a market cap of $24.24 billion, a P/E ratio of 9.46, a PEG ratio of 2.23 and a beta of 1.28. The stock’s 50 day simple moving average is $27.72 and its 200-day simple moving average is $26.49. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ) last released its 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. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. 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. Research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on HPQ. JPMorgan Chase & Co. cut HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Wednesday, October 22nd. HSBC set a $30.00 price objective on HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Evercore ISI reiterated an “in-line” rating and issued a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.71.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction on Monday, September 29th. The stock was 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 of the company’s stock, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at $4,711.72. This represents a 99.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.38% of the company’s stock.

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.