Apollon Wealth Management LLC Sells 3,748 Shares of HP Inc. $HPQ

Apollon Wealth Management LLC reduced its position in HP Inc. (NYSE:HPQ) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,650 shares of the computer maker’s stock after selling 3,748 shares during the period. Apollon Wealth Management LLC’s holdings in HP were worth $358,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new position in HP during the 1st quarter valued at about $25,000. Global Trust Asset Management LLC lifted its holdings in shares of HP by 492.6% in the second quarter. Global Trust Asset Management LLC now owns 1,203 shares of the computer maker’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of HP in the first quarter valued at approximately $35,000. Iron Horse Wealth Management LLC bought a new position in shares of HP in the first quarter valued at approximately $39,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of HP by 165.3% in the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker’s stock valued at $42,000 after purchasing an additional 947 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.7%

Shares of NYSE HPQ opened at $27.39 on Friday. The stock has a fifty day simple moving average of $27.54 and a two-hundred day simple moving average of $26.11. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.79. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ) last issued its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the prior year, the firm earned $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. Analysts forecast that HP Inc. will post 3.56 EPS for the current year.

Insider Buying and Selling

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 transaction of $920,471.70. Following the sale, the chief executive officer owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Barclays cut their price target on shares of HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of HP in a report on Wednesday, October 8th. Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein started coverage on shares of HP in a research report on Monday, September 15th. They set a “market perform” rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.71.

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.