Callan Family Office LLC Buys 99,279 Shares of HP Inc. $HPQ

Callan Family Office LLC boosted its stake in shares of HP Inc. (NYSE:HPQ) by 226.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 143,085 shares of the computer maker’s stock after purchasing an additional 99,279 shares during the period. Callan Family Office LLC’s holdings in HP were worth $3,500,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HPQ. Nuveen LLC bought a new stake in HP during the first quarter worth approximately $179,037,000. Invesco Ltd. increased its stake in HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock worth $314,022,000 after acquiring an additional 1,829,411 shares during the last quarter. Ameriprise Financial Inc. increased its stake in HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after acquiring an additional 1,147,342 shares during the last quarter. Banque Transatlantique SA bought a new stake in HP during the first quarter worth approximately $22,377,000. Finally, Acadian Asset Management LLC increased its stake in HP by 745.3% during the first quarter. Acadian Asset Management LLC now owns 863,664 shares of the computer maker’s stock worth $23,908,000 after acquiring an additional 761,494 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

Shares of NYSE HPQ opened at $25.57 on Friday. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.17 and a beta of 1.29. The stock has a 50 day moving average price of $27.29 and a 200 day moving average price of $26.12. 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 firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

Wall Street Analyst Weigh In

HPQ has been the topic of several analyst reports. Sanford C. Bernstein began coverage on HP in a research note on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of HP in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Barclays dropped their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, HP currently has an average rating of “Hold” and a consensus price target of $29.38.

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the sale, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

About HP

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.