Lbp Am Sa Invests $7.28 Million in HP Inc. $HPQ

Key Points

• Lbp Am Sa has invested approximately $7.28 million in HP Inc. by acquiring 297,589 shares during the second quarter.
• HP's stock has seen a 2.0% decline recently, with a current price of $26.70, and the company maintains a market capitalization of $24.95 billion.
• Wall Street analysts have mixed views on HP, with price target revisions ranging from $26.00 to $30.00, while the consensus rating is currently "Hold."

Lbp Am Sa bought a new position in shares of HP Inc. (NYSE:HPQ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 297,589 shares of the computer maker's stock, valued at approximately $7,279,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HPQ. Wellington Management Group LLP increased its position in shares of HP by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 259,257 shares of the computer maker's stock worth $8,460,000 after acquiring an additional 28,910 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of HP by 6.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 16,839 shares of the computer maker's stock worth $466,000 after acquiring an additional 1,049 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of HP during the first quarter worth about $614,000. ST Germain D J Co. Inc. increased its position in shares of HP by 57.2% during the first quarter. ST Germain D J Co. Inc. now owns 1,988 shares of the computer maker's stock worth $55,000 after acquiring an additional 723 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of HP by 58.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 25,797 shares of the computer maker's stock worth $714,000 after acquiring an additional 9,562 shares during the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Down 2.0%

Shares of HPQ stock opened at $26.70 on Thursday. The business has a 50 day moving average of $27.12 and a two-hundred day moving average of $26.23. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The company has a market cap of $24.95 billion, a P/E ratio of 9.74, a PEG ratio of 2.19 and a beta of 1.29.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HPQ shares. UBS Group lifted their price target on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. lifted their price target on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Barclays decreased their price target on HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HP currently has a consensus rating of "Hold" and a consensus target price of $29.38.

Insider Buying and Selling

In other HP news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the completion of the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by insiders.

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.

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.