Beverly Hills Private Wealth LLC Boosts Position in HP Inc. $HPQ

Beverly Hills Private Wealth LLC boosted its holdings in shares of HP Inc. (NYSE:HPQ) by 54.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 89,927 shares of the computer maker’s stock after purchasing an additional 31,814 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in HP were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HPQ. Plato Investment Management Ltd grew its stake in shares of HP by 1.2% during the 1st quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after purchasing an additional 363 shares during the period. Coppell Advisory Solutions LLC grew its stake in shares of HP by 4.4% during the 1st quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after purchasing an additional 369 shares during the period. Fiduciary Financial Group LLC grew its stake in shares of HP by 3.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after purchasing an additional 390 shares during the period. Bleakley Financial Group LLC grew its stake in shares of HP by 2.1% during the 1st quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock worth $561,000 after purchasing an additional 411 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of HP by 13.3% during the 1st quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock worth $102,000 after purchasing an additional 433 shares during the period. 77.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of HP 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 owned 3 shares of the company’s stock, valued at $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.

HP Stock Performance

HP stock opened at $27.39 on Monday. The company’s fifty day moving average price is $27.54 and its 200 day moving average price is $26.12. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The stock has a market capitalization of $25.60 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.20 and a beta of 1.29.

HP (NYSE:HPQ) last released its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (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 analysts’ expectations of $13.69 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Sell-side analysts predict that HP Inc. will post 3.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HPQ. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. UBS Group raised their price objective on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, HSBC set a $30.00 price target on shares of HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus price target of $28.71.

HP Company 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.