Hartford Investment Management Co. Sells 829 Shares of HP Inc. $HPQ

Hartford Investment Management Co. lessened its position in HP Inc. (NYSE:HPQ) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,459 shares of the computer maker’s stock after selling 829 shares during the period. Hartford Investment Management Co.’s holdings in HP were worth $1,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HP by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 245,182 shares of the computer maker’s stock worth $8,000,000 after buying an additional 11,213 shares during the period. Wellington Management Group LLP boosted its holdings in shares of HP by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 259,257 shares of the computer maker’s stock worth $8,460,000 after buying an additional 28,910 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HP by 46.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 6,510 shares of the computer maker’s stock worth $180,000 after buying an additional 2,065 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of HP by 5.2% during the 1st quarter. Central Pacific Bank Trust Division now owns 20,066 shares of the computer maker’s stock worth $556,000 after buying an additional 985 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of HP by 5.0% during the 1st quarter. Moody National Bank Trust Division now owns 15,295 shares of the computer maker’s stock worth $424,000 after buying an additional 723 shares during the period. Institutional investors own 77.53% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on HPQ shares. Dbs Bank downgraded shares of HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. 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. JPMorgan Chase & Co. lifted their price objective on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein started coverage on shares of HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Finally, Barclays dropped 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 note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.38.

HP Trading Down 0.5%

Shares of NYSE:HPQ opened at $26.71 on Friday. The firm has a 50 day moving average of $27.02 and a 200-day moving average of $26.24. The stock has a market capitalization of $24.97 billion, a PE ratio of 9.75, a PEG ratio of 2.15 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month 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 the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

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.