Philip James Wealth Mangement LLC Sells 27,200 Shares of HP Inc. $HPQ

Philip James Wealth Mangement LLC lessened its stake in shares of HP Inc. (NYSE:HPQ) by 11.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,744 shares of the computer maker’s stock after selling 27,200 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in HP were worth $5,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LLP acquired a new stake in HP in the first quarter valued at approximately $427,000. Focus Partners Wealth lifted its holdings in shares of HP by 3.4% in the 1st quarter. Focus Partners Wealth now owns 161,872 shares of the computer maker’s stock worth $4,502,000 after purchasing an additional 5,358 shares in the last quarter. Modern Wealth Management LLC grew its position in HP by 62.1% in the 1st quarter. Modern Wealth Management LLC now owns 48,414 shares of the computer maker’s stock valued at $1,341,000 after purchasing an additional 18,554 shares during the period. Voya Investment Management LLC grew its position in HP by 19.4% in the 1st quarter. Voya Investment Management LLC now owns 424,783 shares of the computer maker’s stock valued at $11,762,000 after purchasing an additional 69,117 shares during the period. Finally, Swedbank AB increased its stake in HP by 0.4% during the 1st quarter. Swedbank AB now owns 702,002 shares of the computer maker’s stock valued at $19,438,000 after purchasing an additional 2,937 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Hsbc Global Res raised HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Evercore ISI cut their target price on HP from $29.00 to $25.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 26th. UBS Group set a $24.00 price target on HP in a research report on Wednesday, November 26th. Finally, Bank of America cut their price objective on shares of HP from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.69.

Insider Activity

In other news, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $26.00, for a total transaction of $1,089,972.00. Following the completion of the sale, the chief executive officer owned 141,456 shares in the company, valued at $3,677,856. This trade represents a 22.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total value of $506,133.52. Following the completion of the transaction, the insider owned 169 shares in the company, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 110,123 shares of company stock valued at $2,784,126 in the last three months. Company insiders own 0.38% of the company’s stock.

HP Trading Up 0.2%

Shares of HP stock opened at $21.44 on Friday. The firm has a market capitalization of $19.68 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 4.02 and a beta of 1.21. The business’s fifty day simple moving average is $24.02 and its 200 day simple moving average is $25.80. HP Inc. has a 12 month low of $20.65 and a 12 month high of $35.28.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. HP’s dividend payout ratio is presently 45.28%.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.