Sowell Financial Services LLC Lowers Holdings in HP Inc. $HPQ

Key Points

• Sowell Financial Services LLC reduced its stake in HP Inc. by 66.4% in the second quarter, now holding 10,324 shares valued at approximately $253,000.
• Major institutional investors showed mixed activity with Wealth Enhancement Advisory Services and Wellington Management Group increasing their stakes in HP by 4.8% and 12.6% respectively during the fourth quarter.
• HP's most recent earnings report revealed $0.75 EPS, meeting expectations, with a revenue increase of 3.1% year-over-year, totaling $13.93 billion.

Sowell Financial Services LLC lowered its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 66.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,324 shares of the computer maker's stock after selling 20,403 shares during the quarter. Sowell Financial Services LLC's holdings in HP were worth $253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in HP by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 245,182 shares of the computer maker's stock valued at $8,000,000 after purchasing an additional 11,213 shares during the period. Wellington Management Group LLP grew its stake in shares of HP by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 259,257 shares of the computer maker's stock valued at $8,460,000 after buying an additional 28,910 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of HP by 46.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 6,510 shares of the computer maker's stock valued at $180,000 after buying an additional 2,065 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of HP by 5.2% during the 1st quarter. Central Pacific Bank Trust Division now owns 20,066 shares of the computer maker's stock valued at $556,000 after buying an additional 985 shares during the period. Finally, Moody National Bank Trust Division grew its position in HP by 5.0% during the first quarter. Moody National Bank Trust Division now owns 15,295 shares of the computer maker's stock valued at $424,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Stock Performance

Shares of HPQ opened at $26.71 on Friday. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The company has a market capitalization of $24.97 billion, a P/E ratio of 9.75, a P/E/G ratio of 2.16 and a beta of 1.29. The stock has a 50-day moving average price of $27.02 and a 200 day moving average price of $26.26.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting analysts' consensus estimates of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm's 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. As a group, equities research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI reissued an "in-line" rating and set a $29.00 price target on shares of HP in a research report on Wednesday, September 10th. UBS Group boosted their target price on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Sanford C. Bernstein initiated coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Finally, Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $29.38.

HP Profile

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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