Ethic Inc. Sells 31,933 Shares of HP Inc. $HPQ

Key Points

• Ethic Inc. has reduced its stake in HP Inc. by 24.5%, selling 31,933 shares during the second quarter, leaving it with 98,260 shares valued at approximately $2.43 million.
• CEO Enrique Lores sold 34,282 shares of HP, representing a 99.99% decrease in his position, which raised concerns among investors.
• HP reported earnings of $0.75 per share for the last quarter, in line with expectations, but has a negative return on equity of 262.03% and has set Q4 2025 guidance between 0.870-0.97 EPS.

Ethic Inc. lessened its stake in HP Inc. (NYSE:HPQ - Free Report) by 24.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,260 shares of the computer maker's stock after selling 31,933 shares during the quarter. Ethic Inc.'s holdings in HP were worth $2,434,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of HP in the first quarter valued at approximately $25,000. Global Trust Asset Management LLC lifted its holdings in HP by 492.6% during the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker's stock worth $29,000 after acquiring an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in HP during the first quarter worth $35,000. Iron Horse Wealth Management LLC bought a new stake in HP during the first quarter worth $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after acquiring an additional 947 shares during the period. Institutional investors own 77.53% of the company's stock.

HP Price Performance

NYSE:HPQ opened at $27.67 on Friday. The business has a fifty day simple moving average of $27.66 and a two-hundred day simple moving average of $26.25. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a market capitalization of $25.87 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.24 and a beta of 1.29.

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

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of the business's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares in the company, 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 SEC, which can be accessed through this hyperlink. Insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered HP from an "overweight" rating to a "neutral" rating and set a $30.00 price target on the stock. in a report on Wednesday. Weiss Ratings reiterated a "hold (c)" rating on shares of HP in a report on Wednesday, October 8th. Barclays dropped their price target on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. HSBC set a $30.00 price target on HP and gave the stock a "buy" rating in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded HP from a "hold" rating to a "buy" rating in a report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $28.71.

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.

Want to see what other hedge funds are holding HPQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HP Inc. (NYSE:HPQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.