HP Inc. $HPQ Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in HP Inc. (NYSE:HPQ) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,321,249 shares of the computer maker’s stock after selling 584,099 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of HP worth $154,618,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HPQ. WPG Advisers LLC acquired a new position in HP in the 1st quarter valued at $25,000. Global Trust Asset Management LLC raised its stake in HP by 492.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in HP in the 1st quarter valued at $35,000. Iron Horse Wealth Management LLC acquired a new position in HP in the 1st quarter valued at $39,000. Finally, Quaker Wealth Management LLC raised its stake in HP by 203.9% in the 2nd quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock valued at $41,000 after purchasing an additional 3,320 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HPQ has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. HSBC set a $30.00 price target on HP and gave the stock a “buy” rating in a report on Tuesday, October 14th. Barclays reduced their price target on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. Finally, Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has given 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.com, the stock has a consensus rating of “Hold” and an average target price of $28.71.

HP Trading Up 2.5%

Shares of NYSE:HPQ opened at $26.59 on Thursday. The business has a 50-day moving average price of $27.70 and a 200 day moving average price of $26.50. The company has a market capitalization of $24.85 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 2.23 and a beta of 1.28. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm 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 company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Transactions at HP

In related news, insider Anneliese Olson sold 18,154 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the sale, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. This trade represents a 99.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by company insiders.

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.