11,458 Shares in HP Inc. $HPQ Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC acquired a new stake in shares of HP Inc. (NYSE:HPQ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,458 shares of the computer maker’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in HP in the first quarter worth $25,000. Global Trust Asset Management LLC boosted its holdings in shares of 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 buying an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of HP during the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC acquired a new stake in HP during the first quarter worth about $39,000. Finally, Quaker Wealth Management LLC lifted its holdings in HP by 203.9% in the second quarter. Quaker Wealth Management LLC now owns 1,692 shares of the computer maker’s stock worth $41,000 after acquiring an additional 3,320 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HPQ has been the subject of a number of analyst reports. Hsbc Global Res upgraded HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered shares of HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Evercore ISI reissued an “in-line” rating and issued a $29.00 price objective on shares of HP in a report on Wednesday, September 10th. Finally, UBS Group lifted their target price on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.71.

Insiders Place Their Bets

In other news, insider Anneliese Olson sold 18,154 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the sale, the insider directly owned 169 shares of the company’s stock, valued at $4,711.72. The trade was a 99.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Enrique Lores sold 34,282 shares of the 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 transaction, the chief executive officer owned 3 shares of the company’s stock, valued at $80.55. This trade represents a 99.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.38% of the company’s stock.

HP Trading Down 1.8%

Shares of HP stock opened at $26.15 on Friday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The company’s 50-day moving average price is $27.66 and its two-hundred day moving average price is $26.49. The stock has a market cap of $24.44 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 2.23 and a beta of 1.28.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The company had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’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. On average, equities analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

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.