Philip James Wealth Mangement LLC Sells 46,315 Shares of HP Inc. $HPQ

Philip James Wealth Mangement LLC trimmed its position in shares of HP Inc. (NYSE:HPQ) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,944 shares of the computer maker’s stock after selling 46,315 shares during the period. Philip James Wealth Mangement LLC’s holdings in HP were worth $5,845,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPQ. Plato Investment Management Ltd boosted its position in HP by 1.2% in the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after buying an additional 363 shares during the period. Coppell Advisory Solutions LLC boosted its position in HP by 4.4% in the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock valued at $223,000 after buying an additional 369 shares during the period. Fiduciary Financial Group LLC boosted its position in HP by 3.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock valued at $324,000 after buying an additional 390 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of HP by 2.1% in the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock valued at $561,000 after purchasing an additional 411 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of HP by 13.3% in the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock valued at $102,000 after purchasing an additional 433 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on HPQ. Barclays reduced their price target 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. Evercore ISI restated an “in-line” rating and issued a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Dbs Bank lowered shares of HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. Sanford C. Bernstein began coverage on shares of HP in a report on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target for the company. Finally, UBS Group boosted their price target on shares of HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.38.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

HP Stock Down 2.0%

NYSE HPQ opened at $26.70 on Thursday. The firm has a market cap of $24.95 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The company has a 50 day moving average price of $27.12 and a 200 day moving average price of $26.23. 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 data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. HP’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

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.