Peddock Capital Advisors LLC Sells 11,025 Shares of HP Inc. $HPQ

Key Points

• Peddock Capital Advisors LLC reduced its stake in HP Inc. by 27.1%, selling 11,025 shares during the second quarter, leaving them with a total of 29,641 shares valued at $725,000.
• Several institutional investors have increased their holdings in HP, with notable increases including Meritage Portfolio Management's 37.8% stake raise and Horizon Financial Services' 2,669.0% increase in shares.
• Analysts have mixed views on HP's stock with price targets ranging from $27.00 to $30.00, while the consensus rating remains a "Hold" with an average target of $29.38.

Peddock Capital Advisors LLC lowered its stake in HP Inc. (NYSE:HPQ - Free Report) by 27.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,641 shares of the computer maker's stock after selling 11,025 shares during the quarter. Peddock Capital Advisors LLC's holdings in HP were worth $725,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BayBridge Capital Group LLC acquired a new position in shares of HP in the first quarter valued at $1,505,000. Meritage Portfolio Management raised 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 valued at $3,894,000 after acquiring an additional 38,568 shares during the period. Jump Financial LLC bought a new stake in HP in the 1st quarter valued at about $6,359,000. Horizon Financial Services LLC increased its position in shares of HP by 2,669.0% during the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock valued at $319,000 after buying an additional 11,103 shares during the period. Finally, Longfellow Investment Management Co. LLC bought a new position in shares of HP in the first quarter worth approximately $627,000. Institutional investors own 77.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group raised 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. Citigroup reduced their price target on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a report on Thursday, May 29th. Barclays dropped their price objective on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. JPMorgan Chase & Co. lifted their target price on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Finally, Evercore ISI restated an "in-line" rating and set a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. One 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $29.38.

HP Price Performance

Shares of HP stock opened at $28.52 on Wednesday. The business has a 50 day simple moving average of $26.89 and a two-hundred day simple moving average of $26.28. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79. The stock has a market capitalization of $26.65 billion, a P/E ratio of 10.41, a PEG ratio of 2.28 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to analysts' expectations of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. 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 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.

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