Bartlett & CO. Wealth Management LLC Sells 1,473 Shares of HP Inc. $HPQ

Bartlett & CO. Wealth Management LLC reduced its position in shares of HP Inc. (NYSE:HPQ) by 12.9% in the second quarter, HoldingsChannel reports. The firm owned 9,947 shares of the computer maker’s stock after selling 1,473 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in HP were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. WPG Advisers LLC purchased a new position in shares of HP in the first quarter worth approximately $25,000. Global Trust Asset Management LLC raised its position in HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock worth $29,000 after acquiring an additional 1,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP during the 1st quarter worth $35,000. Iron Horse Wealth Management LLC bought a new stake in shares of HP during the 1st quarter valued at $39,000. Finally, Financial Freedom LLC grew its position in shares of HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker’s stock valued at $42,000 after acquiring an additional 878 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HPQ shares. Dbs Bank downgraded HP from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, June 11th. Evercore ISI reaffirmed an “in-line” rating and set a $29.00 price objective on shares of HP in a research report on Wednesday, September 10th. Barclays reduced their target price on shares of HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of HP from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, UBS Group upped their price target on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.38.

HP Price Performance

Shares of HPQ opened at $26.46 on Friday. The firm has a market cap of $24.73 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. HP Inc. has a 1 year low of $21.21 and a 1 year high of $39.79. The company has a 50 day simple moving average of $27.13 and a two-hundred day simple moving average of $26.21.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 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 firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s quarterly 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, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current year.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $26.85, for a total value of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by 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.