Stolz & Associates PS Acquires New Shares in HP Inc. $HPQ

Stolz & Associates PS bought a new position in HP Inc. (NYSE:HPQ) during the 3rd quarter, Holdings Channel.com reports. The fund bought 23,181 shares of the computer maker’s stock, valued at approximately $725,000. HP makes up approximately 0.4% of Stolz & Associates PS’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in HP during the second quarter valued at $2,357,757,000. State Street Corp lifted its stake in HP by 1.5% in the 2nd quarter. State Street Corp now owns 52,843,678 shares of the computer maker’s stock worth $1,174,855,000 after purchasing an additional 757,961 shares in the last quarter. Primecap Management Co. CA purchased a new stake in HP in the 2nd quarter worth $545,984,000. Pacer Advisors Inc. boosted its holdings in shares of HP by 42.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,145,694 shares of the computer maker’s stock valued at $175,689,000 after purchasing an additional 2,741,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HP by 3.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,736,665 shares of the computer maker’s stock valued at $191,682,000 after purchasing an additional 254,828 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 0.8%

HPQ stock opened at $28.48 on Wednesday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm’s fifty day simple moving average is $31.57 and its two-hundred day simple moving average is $24.84.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, equities research analysts expect that HP Inc. will post 3.23 EPS for the current year.

Insider Activity

In other HP news, insider Anneliese Olson sold 18,997 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the sale, the insider owned 169 shares of the company’s stock, valued at $5,502.64. This trade represents a 99.12% 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 hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David P. Mcquarrie sold 31,572 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $32.12, for a total transaction of $1,014,092.64. Following the completion of the sale, the insider directly owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. The trade was a 79.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HPQ. Barclays raised their price objective on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Weiss Ratings upgraded HP from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada began coverage on HP in a research note on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price target for the company. The Goldman Sachs Group increased their price target on HP from $21.00 to $22.00 and gave the company a “sell” rating in a research note on Monday, August 31st. Finally, Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a report on Sunday. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.30.

HP Profile

HP Inc. is a global technology company that develops and sells personal computing and printing products and services. Its offerings include laptops, desktop computers, workstations, displays, accessories and peripherals, as well as printers, printing supplies and related solutions for consumers, businesses and public-sector customers. The company organizes its business around Personal Systems and Printing. In addition to hardware, HP provides services and solutions such as device management and managed print services, and it offers technologies for commercial and industrial printing.