LMG Wealth Partners LLC Boosts Holdings in HP Inc. $HPQ

LMG Wealth Partners LLC raised its position in shares of HP Inc. (NYSE:HPQ) by 34.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,907 shares of the computer maker’s stock after acquiring an additional 11,689 shares during the period. LMG Wealth Partners LLC’s holdings in HP were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPQ. GAMMA Investing LLC boosted its position in shares of HP by 23.1% during the 1st quarter. GAMMA Investing LLC now owns 15,663 shares of the computer maker’s stock valued at $434,000 after acquiring an additional 2,936 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of HP by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 254,092 shares of the computer maker’s stock valued at $7,036,000 after acquiring an additional 8,910 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of HP by 24.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,760 shares of the computer maker’s stock valued at $409,000 after acquiring an additional 2,935 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of HP by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 237,181 shares of the computer maker’s stock valued at $6,568,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in shares of HP by 6.3% during the 1st quarter. Johnson Investment Counsel Inc. now owns 31,282 shares of the computer maker’s stock valued at $866,000 after acquiring an additional 1,850 shares during the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Stock Up 0.7%

HPQ stock opened at $27.39 on Monday. The business’s fifty day simple moving average is $27.54 and its two-hundred day simple moving average is $26.12. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 2.20 and a beta of 1.29.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share 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 for the quarter, compared to analyst estimates of $13.69 billion. During the same quarter last year, the firm posted $0.83 earnings per share. 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. Research analysts expect that HP Inc. will post 3.56 EPS for the current year.

Insiders Place Their Bets

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction 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 sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on HP from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. UBS Group increased their price target on HP from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.71.

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.