14,483 Shares in HP Inc. $HPQ Acquired by Maridea Wealth Management LLC

Key Points

• Maridea Wealth Management LLC acquired a new position in HP Inc., purchasing 14,483 shares valued at approximately $354,000 during the second quarter.
• HP's stock has recently been rated as "Hold" by several analysts, with an average target price of $29.38 and varied ratings from multiple firms.
• HP reported $13.93 billion in revenue for the last quarter, slightly exceeding estimates, while the company's earnings per share (EPS) remained stable at $0.75.

Maridea Wealth Management LLC purchased a new position in HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,483 shares of the computer maker's stock, valued at approximately $354,000.

Other large investors also recently added to or reduced their stakes in the company. BayBridge Capital Group LLC bought a new stake in HP in the 1st quarter worth approximately $1,505,000. Meritage Portfolio Management increased its stake in HP by 37.8% in the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock worth $3,894,000 after acquiring an additional 38,568 shares during the last quarter. Jump Financial LLC bought a new stake in HP in the 1st quarter worth approximately $6,359,000. Horizon Financial Services LLC increased its stake in HP by 2,669.0% in the 1st quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock worth $319,000 after acquiring an additional 11,103 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in HP in the 1st quarter worth approximately $627,000. 77.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on HPQ shares. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 price objective on shares of HP in a research note 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. Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. boosted their target price on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, KGI Securities assumed coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating on the stock. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HP presently has an average rating of "Hold" and an average target price of $29.38.

HP Stock Down 2.4%

Shares of HP stock opened at $26.83 on Friday. The stock's fifty day moving average is $26.99 and its two-hundred day moving average is $26.27. The company has a market capitalization of $25.08 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The company had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.HP's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current 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.

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