Bank of Montreal Can Lowers Stock Position in HP Inc. $HPQ

Bank of Montreal Can lessened its position in shares of HP Inc. (NYSE:HPQ) by 19.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 679,865 shares of the computer maker’s stock after selling 164,258 shares during the quarter. Bank of Montreal Can owned approximately 0.07% of HP worth $16,629,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. South Dakota Investment Council acquired a new stake in shares of HP during the 2nd quarter valued at about $9,264,000. State of Michigan Retirement System boosted its position in HP by 2.9% during the second quarter. State of Michigan Retirement System now owns 333,562 shares of the computer maker’s stock worth $8,159,000 after purchasing an additional 9,400 shares in the last quarter. TIAA Trust National Association boosted its position in HP by 6.5% during the second quarter. TIAA Trust National Association now owns 16,986 shares of the computer maker’s stock worth $416,000 after purchasing an additional 1,032 shares in the last quarter. Kesler Norman & Wride LLC grew its holdings in HP by 6.9% in the second quarter. Kesler Norman & Wride LLC now owns 29,058 shares of the computer maker’s stock valued at $711,000 after purchasing an additional 1,873 shares during the period. Finally, Lifeworks Advisors LLC increased its position in shares of HP by 20.8% in the second quarter. Lifeworks Advisors LLC now owns 141,913 shares of the computer maker’s stock valued at $3,471,000 after buying an additional 24,438 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Stock Up 0.3%

HP stock opened at $26.26 on Friday. The company has a fifty day simple moving average of $27.61 and a 200-day simple moving average of $26.51. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 2.23 and a beta of 1.28. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. During the same period in the previous year, the business posted $0.83 earnings per share. HP’s quarterly revenue 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, research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HPQ. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Evercore ISI restated an “in-line” rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Barclays cut their target price 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. Finally, JPMorgan Chase & Co. downgraded shares of HP from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.71.

Insider Buying and Selling

In other HP news, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $4,711.72. This represents a 99.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.38% of the stock is owned by corporate insiders.

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.