Philip James Wealth Mangement LLC Trims Stock Holdings in HP Inc. $HPQ

Philip James Wealth Mangement LLC lowered its holdings in HP Inc. (NYSE:HPQ) by 11.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 211,744 shares of the computer maker’s stock after selling 27,200 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in HP were worth $5,766,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Laurel Wealth Advisors LLC raised its holdings in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of HP in the second quarter worth $27,000. Corsicana & Co. purchased a new position in shares of HP in the third quarter valued at $33,000. Global Trust Asset Management LLC raised its stake in shares of HP by 492.6% during the 2nd 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 during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of recent analyst reports. UBS Group set a $24.00 target price on HP in a report on Wednesday, November 26th. Bank of America reduced their price objective on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Evercore ISI lowered their target price on shares of HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their price target on shares of HP from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.69.

Insider Transactions at HP

In other news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider directly owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Enrique Lores sold 41,922 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares of the company’s stock, valued at $3,677,856. The trade was a 22.86% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is currently owned by corporate insiders.

HP Price Performance

Shares of HP stock opened at $21.44 on Friday. HP Inc. has a 1 year low of $20.65 and a 1 year high of $35.28. The firm has a market cap of $19.68 billion, a PE ratio of 8.09, a PEG ratio of 4.02 and a beta of 1.21. The company has a 50 day simple moving average of $24.02 and a two-hundred day simple moving average of $25.80.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The firm had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

HP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.6%. This is an increase from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th. HP’s dividend payout ratio is presently 45.28%.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.