HP Inc. $HPQ Stock Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. reduced its stake in HP Inc. (NYSE:HPQ) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,088,774 shares of the computer maker’s stock after selling 19,824 shares during the period. HP accounts for approximately 2.8% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 9th biggest position. Foundation Resource Management Inc. owned approximately 0.12% of HP worth $34,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HPQ. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after buying an additional 467 shares during the period. Legacy Wealth Asset Management LLC grew its stake in HP by 0.6% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after buying an additional 491 shares during the last quarter. Cullinan Associates Inc. grew its stake in HP by 0.3% in the 2nd quarter. Cullinan Associates Inc. now owns 189,327 shares of the computer maker’s stock valued at $4,154,000 after buying an additional 540 shares during the last quarter. Elevation Wealth Partners LLC grew its stake in HP by 2.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 22,488 shares of the computer maker’s stock valued at $703,000 after buying an additional 550 shares during the last quarter. Finally, Wilkerson Advisory Group LLC raised its holdings in HP by 35.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,512 shares of the computer maker’s stock valued at $48,000 after acquiring an additional 651 shares during the period. 77.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David McQuarrie sold 31,572 shares of the stock in a transaction on 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 sale, the insider directly owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 73,668 shares of company stock worth $2,232,982. Corporate insiders own 0.18% of the company’s stock.

HP Stock Performance

Shares of HPQ stock traded up $0.24 during trading on Monday, hitting $30.25. The company had a trading volume of 8,604,933 shares, compared to its average volume of 17,774,094. The firm has a market capitalization of $27.28 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. The stock’s 50-day moving average price is $31.33 and its 200 day moving average price is $26.02. HP Inc. has a one year low of $17.56 and a one year high of $36.22.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore set a $32.00 price target on shares of HP in a report on Monday, August 24th. Weiss Ratings upgraded HP from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Zacks Research upgraded HP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 7th. Morgan Stanley decreased their target price on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. Finally, UBS Group increased their target price on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, HP presently has an average rating of “Reduce” and an average target price of $25.42.

HP Profile

HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.