Caliber Wealth Management LLC KS Purchases New Shares in HP Inc. $HPQ

Caliber Wealth Management LLC KS purchased a new stake in shares of HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,767 shares of the computer maker’s stock, valued at approximately $214,000.

A number of other hedge funds also recently bought and sold shares of the business. ARK Investment Management LLC raised its stake in HP by 7.7% during the second quarter. ARK Investment Management LLC now owns 110,674 shares of the computer maker’s stock valued at $2,707,000 after purchasing an additional 7,953 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in HP by 26.5% during the second quarter. Rehmann Capital Advisory Group now owns 13,877 shares of the computer maker’s stock valued at $339,000 after purchasing an additional 2,903 shares in the last quarter. Steel Grove Capital Advisors LLC raised its stake in HP by 50.7% during the second quarter. Steel Grove Capital Advisors LLC now owns 72,903 shares of the computer maker’s stock valued at $1,783,000 after purchasing an additional 24,518 shares in the last quarter. Brookstone Capital Management raised its stake in HP by 7.6% during the second quarter. Brookstone Capital Management now owns 375,218 shares of the computer maker’s stock valued at $9,178,000 after purchasing an additional 26,415 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of HP by 15.1% in the second quarter. Cullen Frost Bankers Inc. now owns 12,797 shares of the computer maker’s stock valued at $313,000 after acquiring an additional 1,681 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Trading Down 1.8%

NYSE HPQ opened at $27.66 on Thursday. The company’s 50-day moving average price is $27.63 and its 200-day moving average price is $26.18. The stock has a market cap of $25.85 billion, a PE ratio of 10.09, a PEG ratio of 2.27 and a beta of 1.29. HP Inc. has a 12 month low of $21.21 and a 12 month high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $13.93 billion for the quarter, compared to analysts’ expectations of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 earnings per share for the current year.

Insider Transactions at HP

In other HP news, CEO Enrique Lores sold 34,282 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the transaction, the chief executive officer directly owned 3 shares in the company, valued at $80.55. This represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Evercore ISI reissued an “in-line” rating and issued a $29.00 target price on shares of HP in a research note on Wednesday, September 10th. HSBC set a $30.00 target price on shares of HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Hsbc Global Res raised shares of HP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HP currently has an average rating of “Hold” and an average target price of $28.71.

HP Company 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.