Philip James Wealth Mangement LLC Sells 73,573 Shares of HP Inc. $HPQ

Key Points

• Philip James Wealth Management trimmed its stake in HP by 34.7%, selling 73,573 shares in Q4 and ending the period with 138,171 shares valued at $3.08 million.
• HP beat Q4 expectations with $0.81 EPS vs. $0.77 expected and $14.44 billion in revenue (up 6.9% year-over-year), and set Q2 2026 guidance of $0.70–$0.76 EPS.
• HP recently paid a $0.30 quarterly dividend (a 6.2% annualized yield), but analysts have trimmed price targets and the consensus rating on the stock is "Reduce" with an average target of $21.58.

Philip James Wealth Mangement LLC trimmed its position in HP Inc. (NYSE:HPQ - Free Report) by 34.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,171 shares of the computer maker's stock after selling 73,573 shares during the quarter. Philip James Wealth Mangement LLC's holdings in HP were worth $3,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in HP in the second quarter worth about $27,000. Westfuller Advisors LLC bought a new position in HP during the 3rd quarter worth about $28,000. Cary Street Partners Investment Advisory LLC increased its position in HP by 72.3% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker's stock valued at $30,000 after purchasing an additional 512 shares during the period. Caitlin John LLC bought a new stake in shares of HP in the 3rd quarter valued at about $30,000. Finally, Corsicana & Co. bought a new stake in shares of HP in the 3rd quarter valued at about $33,000. Institutional investors own 77.53% of the company's stock.

HP Stock Down 0.1%

Shares of HP stock opened at $19.50 on Friday. The firm's 50 day moving average price is $19.01 and its 200-day moving average price is $22.83. HP Inc. has a 52-week low of $17.56 and a 52-week high of $29.55. The company has a market cap of $17.83 billion, a P/E ratio of 7.38, a PEG ratio of 5.42 and a beta of 1.11.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The company had revenue of $14.44 billion during the quarter, compared to analysts' expectations of $13.87 billion. HP had a net margin of 4.46% and a negative return on equity of 367.41%. HP's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. As a group, equities research analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, March 11th. HP's dividend payout ratio is currently 45.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HPQ. Barclays dropped their price objective on shares of HP from $18.00 to $16.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 25th. Citigroup reduced their price objective on shares of HP from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. Weiss Ratings restated a "hold (c)" rating on shares of HP in a report on Thursday, January 22nd. Bank of America reaffirmed an "underperform" rating and set a $20.00 target price (down from $26.00) on shares of HP in a research report on Tuesday, February 3rd. Finally, Morgan Stanley reduced their price target on HP from $18.00 to $16.00 and set an "underweight" rating for the company in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $21.58.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.

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