Freedom Investment Management Inc. Boosts Stock Position in HP Inc. $HPQ

Freedom Investment Management Inc. boosted its holdings in HP Inc. (NYSE:HPQ) by 15.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,974 shares of the computer maker’s stock after buying an additional 6,183 shares during the quarter. Freedom Investment Management Inc.’s holdings in HP were worth $1,149,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in HP in the first quarter valued at $25,000. Global Trust Asset Management LLC increased its holdings in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after buying an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP during the first quarter worth about $35,000. Iron Horse Wealth Management LLC purchased a new position in shares of HP during the first quarter worth about $39,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock worth $42,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Stock Up 0.6%

NYSE HPQ opened at $27.84 on Friday. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The business’s 50-day moving average price is $27.65 and its 200 day moving average price is $26.21. The firm has a market cap of $26.02 billion, a P/E ratio of 10.16, a P/E/G ratio of 2.23 and a beta of 1.29.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter last year, the company posted $0.83 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Wednesday. UBS Group raised their price objective on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. HSBC set a $30.00 price objective on HP and gave the stock a “buy” rating in a report on Tuesday, October 14th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.71.

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of the firm’s stock in a transaction dated 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 trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

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.