Checchi Capital Advisers LLC Trims Position in HP Inc. $HPQ

Checchi Capital Advisers LLC reduced its position in shares of HP Inc. (NYSE:HPQ) by 11.3% in the second quarter, HoldingsChannel reports. The firm owned 12,539 shares of the computer maker’s stock after selling 1,590 shares during the quarter. Checchi Capital Advisers LLC’s holdings in HP were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of HP by 32.6% in the second quarter. QRG Capital Management Inc. now owns 108,901 shares of the computer maker’s stock worth $2,664,000 after buying an additional 26,792 shares during the last quarter. Abundance Wealth Counselors raised its position in HP by 3.5% in the second quarter. Abundance Wealth Counselors now owns 38,280 shares of the computer maker’s stock worth $936,000 after acquiring an additional 1,309 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of HP by 4.8% during the 2nd quarter. Greenwood Capital Associates LLC now owns 44,914 shares of the computer maker’s stock worth $1,099,000 after acquiring an additional 2,061 shares during the last quarter. Abacus Planning Group Inc. grew its position in shares of HP by 7.2% during the 2nd quarter. Abacus Planning Group Inc. now owns 10,497 shares of the computer maker’s stock valued at $257,000 after acquiring an additional 701 shares during the period. Finally, Hilltop National Bank bought a new position in HP in the 2nd quarter worth $138,000. Institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other 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 completion of the transaction, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI reissued an “in-line” rating and set a $29.00 price target on shares of HP in a report on Wednesday, September 10th. Dbs Bank downgraded HP from a “moderate buy” rating to a “hold” rating in a research note 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 target price for the company. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HP in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.38.

HP Trading Down 0.0%

NYSE HPQ opened at $26.63 on Tuesday. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock’s 50 day moving average is $27.17 and its 200 day moving average is $26.15. The stock has a market cap of $24.89 billion, a PE ratio of 9.72, a P/E/G ratio of 2.15 and a beta of 1.29.

HP (NYSE:HPQ) last released its earnings results 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 for the quarter, compared to the consensus estimate of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, analysts forecast that HP Inc. will post 3.56 EPS 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.