HP Inc. (NYSE:HPQ - Get Free Report) 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 value of $920,471.70. Following the completion of the sale, the chief executive officer directly owned 3 shares in the company, valued at approximately $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
HP Price Performance
Shares of NYSE HPQ traded down $0.54 during mid-day trading on Wednesday, hitting $26.70. 14,390,345 shares of the stock traded hands, compared to its average volume of 8,492,678. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a market cap of $24.95 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. The firm has a 50 day simple moving average of $27.10 and a two-hundred day simple moving average of $26.23.
HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter last year, the business posted $0.83 EPS. HP's revenue for the quarter was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, equities research analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.
Institutional Trading of HP
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPQ. Jacobs & Co. CA purchased a new position in shares of HP in the 3rd quarter worth approximately $203,000. CacheTech Inc. purchased a new position in HP in the second quarter valued at approximately $261,000. Adams Wealth Management purchased a new position in HP in the second quarter valued at approximately $261,000. Caldwell Trust Co purchased a new position in HP in the second quarter valued at approximately $145,000. Finally, Orion Porfolio Solutions LLC lifted its stake in HP by 22.5% in the second quarter. Orion Porfolio Solutions LLC now owns 19,907 shares of the computer maker's stock valued at $487,000 after purchasing an additional 3,658 shares during the last quarter. 77.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. UBS Group raised their price objective on HP from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Barclays lowered their target price on HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, HP currently has a consensus rating of "Hold" and an average price target of $29.38.
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About HP
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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.
Further Reading
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