HP Inc. $HPQ Shares Acquired by Abundance Wealth Counselors

Abundance Wealth Counselors increased its holdings in HP Inc. (NYSE:HPQ) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,280 shares of the computer maker’s stock after acquiring an additional 1,309 shares during the quarter. Abundance Wealth Counselors’ holdings in HP were worth $936,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HPQ. Plato Investment Management Ltd increased its holdings in HP by 1.2% in the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock valued at $869,000 after buying an additional 363 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in HP by 4.4% in the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock valued at $223,000 after buying an additional 369 shares during the last quarter. Fiduciary Financial Group LLC increased its holdings in HP by 3.2% in the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock valued at $324,000 after buying an additional 390 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in HP by 2.1% in the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock valued at $561,000 after buying an additional 411 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in HP by 13.3% in the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock valued at $102,000 after buying an additional 433 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was 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 $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HPQ has been the subject of several research analyst reports. UBS Group boosted 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. JPMorgan Chase & Co. boosted 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. Barclays lowered their target price on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price for the company. Finally, Dbs Bank lowered HP from a “moderate buy” rating to a “hold” rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.38.

HP Price Performance

Shares of HPQ stock opened at $26.46 on Friday. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The business has a 50 day simple moving average of $27.13 and a 200 day simple moving average of $26.21.

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. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The business had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same period in the prior year, the company posted $0.83 EPS. The business’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. On average, equities analysts anticipate 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.