Shell Asset Management Co. Increases Stock Position in HP Inc. $HPQ

Key Points

• Shell Asset Management Co. increased its stock holdings in HP Inc. by 49%, owning a total of 82,726 shares valued at approximately $2 million as of the latest SEC filing.
• Several institutional investors have also boosted their stakes in HP, with the State of Alaska Department of Revenue increasing its holdings by 36% during the same quarter.
• HP's quarterly earnings met analysts' expectations with an EPS of $0.75 and revenue of $13.93 billion, marking a 3.1% increase year-over-year.

Shell Asset Management Co. raised its holdings in HP Inc. (NYSE:HPQ - Free Report) by 49.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,726 shares of the computer maker's stock after purchasing an additional 27,205 shares during the quarter. Shell Asset Management Co.'s holdings in HP were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in shares of HP by 36.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker's stock worth $7,013,000 after acquiring an additional 75,895 shares in the last quarter. BayBridge Capital Group LLC purchased a new stake in shares of HP during the 1st quarter worth approximately $1,505,000. Meritage Portfolio Management boosted its stake in shares of HP by 37.8% during the 1st quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock worth $3,894,000 after acquiring an additional 38,568 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of HP during the 1st quarter worth approximately $6,359,000. Finally, Horizon Financial Services LLC raised its position in shares of HP by 2,669.0% during the 1st quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock worth $319,000 after purchasing an additional 11,103 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

HP Stock Performance

Shares of HPQ opened at $27.09 on Thursday. The stock has a fifty day moving average of $27.23 and a two-hundred day moving average of $26.16. The company has a market capitalization of $25.32 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts' consensus estimates of $0.75. The business had revenue of $13.93 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Enrique Lores sold 34,282 shares of the company'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 completion of the sale, the chief executive officer directly owned 3 shares of the company's stock, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HPQ. Evercore ISI restated an "in-line" rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their price objective on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. UBS Group lifted their price objective on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Finally, Sanford C. Bernstein began coverage on HP in a research report on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $29.38.

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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