Philip James Wealth Mangement LLC Cuts Stock Holdings in HP Inc. $HPQ

Key Points

• Philip James Wealth Management LLC reduced its holdings in HP Inc. by 16.2%, selling 46,315 shares in the second quarter, leaving them with 238,944 shares valued at about $5.85 million.
• Other institutional investors like Invesco and UBS Asset Management have been increasing their stakes in HP, indicating growing institutional interest in the company.
• HP's quarterly earnings matched consensus estimates with earnings per share of $0.75, but the company is forecasting lower earnings for Q4 2025 compared to the previous year.

Philip James Wealth Mangement LLC decreased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 16.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,944 shares of the computer maker's stock after selling 46,315 shares during the quarter. Philip James Wealth Mangement LLC's holdings in HP were worth $5,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of HP by 19.2% during the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock valued at $314,022,000 after buying an additional 1,829,411 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock worth $277,265,000 after purchasing an additional 724,020 shares during the last quarter. Deutsche Bank AG boosted its holdings in HP by 2.4% in the first quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after purchasing an additional 189,969 shares during the last quarter. Nuveen LLC purchased a new stake in HP in the first quarter worth approximately $179,037,000. Finally, American Century Companies Inc. boosted its holdings in HP by 7.4% in the first quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after purchasing an additional 367,418 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HPQ shares. Sanford C. Bernstein started coverage on shares of HP in a report on Monday, September 15th. They issued a "market perform" rating and a $30.00 target price on the stock. UBS Group raised their target price on shares of HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Evercore ISI restated an "in-line" rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. Barclays dropped their target price on shares of HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a report on Thursday, August 28th. Finally, Dbs Bank cut shares of HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. 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 company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.38.

Insider Activity at HP

In other news, CEO Enrique Lores sold 34,282 shares of the firm's stock in a transaction on Monday, September 29th. The shares were 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 $80.55. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

HP Trading Down 2.0%

HPQ opened at $26.70 on Thursday. 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 $24.95 billion, a PE ratio of 9.74, a PEG ratio of 2.19 and a beta of 1.29. The firm's 50 day simple moving average is $27.12 and its two-hundred day simple moving average is $26.23.

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