Crossmark Global Holdings Inc. lessened its holdings in shares of HP Inc. (NYSE:HPQ – Free Report) by 7.7% in the 3rd quarter, Holdings Channel reports. The fund owned 544,735 shares of the computer maker’s stock after selling 45,158 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in HP were worth $17,039,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HPQ. SHP Wealth Management purchased a new position in HP in the 4th quarter worth approximately $26,000. North Point Portfolio Managers Corp OH acquired a new position in shares of HP during the 3rd quarter worth approximately $28,000. Aberdeen Wealth Management LLC acquired a new position in shares of HP during the 2nd quarter worth approximately $29,000. MCF Advisors LLC boosted its holdings in shares of HP by 149.0% during the 2nd quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. Finally, West Paces Advisors Inc. purchased a new stake in shares of HP in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 77.53% of the company’s stock.
Insider Buying and Selling at HP
In other news, insider David McQuarrie sold 31,572 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the sale, the insider owned 8,008 shares in the company, valued at $257,216.96. This trade represents a 79.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 73,668 shares of company stock valued at $2,232,982. Corporate insiders own 0.18% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on HPQ. Bank of America reaffirmed an “underperform” rating on shares of HP in a report on Thursday, August 27th. Barclays lifted their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. TD Cowen boosted their price objective on HP from $26.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings raised HP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Finally, UBS Group upped their target price on HP from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $25.42.
View Our Latest Stock Analysis on HPQ
HP Trading Up 0.4%
Shares of HPQ opened at $31.34 on Thursday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The firm has a market capitalization of $28.26 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.62 and a beta of 1.17. The firm has a 50-day moving average price of $31.42 and a 200 day moving average price of $26.26.
HP (NYSE:HPQ – Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. HP’s quarterly revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Equities research analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.
About HP
HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.
The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.
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