Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $9.77 Million Position in HP Inc. $HPQ

Key Points

• Empirical Financial Services LLC reduced its holdings in HP Inc. by 3.6%, bringing its total position to $9.77 million after selling 15,054 shares in the 2nd quarter.
• HP's recent stock performance included a market capitalization of $24.73 billion and a P/E ratio of 9.66, with analysts maintaining a consensus target price of $29.38 for the stock.
• CEO Enrique Lores notably sold 34,282 shares, significantly reducing his ownership to just 3 shares, which raised questions regarding insider confidence in the stock.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its position in HP Inc. (NYSE:HPQ - Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,391 shares of the computer maker's stock after selling 15,054 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in HP were worth $9,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abundance Wealth Counselors increased its stake in shares of HP by 3.5% in the second quarter. Abundance Wealth Counselors now owns 38,280 shares of the computer maker's stock valued at $936,000 after buying an additional 1,309 shares during the period. Greenwood Capital Associates LLC increased its stake in shares of HP by 4.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 44,914 shares of the computer maker's stock valued at $1,099,000 after acquiring an additional 2,061 shares in the last quarter. Abacus Planning Group Inc. increased its stake in shares of HP by 7.2% in 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 in the last quarter. Hilltop National Bank bought a new stake in shares of HP in the 2nd quarter valued at $138,000. Finally, F&V Capital Management LLC increased its stake in shares of HP by 0.3% in the 2nd quarter. F&V Capital Management LLC now owns 332,221 shares of the computer maker's stock valued at $8,126,000 after acquiring an additional 915 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the business'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 of the company's stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company's stock.

HP Stock Performance

Shares of HP stock opened at $26.46 on Friday. The stock's 50-day simple moving average is $27.13 and its 200 day simple moving average is $26.21. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.79. The stock has a market capitalization of $24.73 billion, a P/E ratio of 9.66, a P/E/G ratio of 2.15 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI reissued an "in-line" rating and issued a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. Sanford C. Bernstein assumed coverage on shares of HP in a research report on Monday, September 15th. They issued a "market perform" rating and a $30.00 price target for the company. Dbs Bank downgraded shares of HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. 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 research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $29.38.

HP Profile

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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