HP Inc. $HPQ Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its holdings in shares of HP Inc. (NYSE:HPQ) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. WPG Advisers LLC purchased a new stake in shares of HP in the 1st quarter valued at approximately $25,000. Global Trust Asset Management LLC raised its stake in shares of HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after acquiring an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of HP in the 1st quarter valued at approximately $35,000. Iron Horse Wealth Management LLC purchased a new stake in shares of HP in the 1st quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC raised its stake in shares of HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after acquiring an additional 947 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Enrique Lores sold 34,282 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.38% of the company’s stock.

HP Trading Up 0.7%

Shares of HP stock opened at $27.39 on Friday. The company has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $26.11. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ) last issued its 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. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price objective for the company. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their price objective on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday. 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 report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.71.

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.