LVW Advisors LLC Cuts Stock Position in HP Inc. $HPQ

LVW Advisors LLC cut its holdings in HP Inc. (NYSE:HPQ) by 19.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,649 shares of the computer maker’s stock after selling 3,273 shares during the quarter. LVW Advisors LLC’s holdings in HP were worth $334,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BayBridge Capital Group LLC purchased a new stake in shares of HP in the first quarter valued at approximately $1,505,000. Meritage Portfolio Management boosted its stake in shares of HP by 37.8% in the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after acquiring an additional 38,568 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of HP in the first quarter worth approximately $6,359,000. Horizon Financial Services LLC boosted its stake in shares of HP by 2,669.0% in the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker’s stock worth $319,000 after acquiring an additional 11,103 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new stake in shares of HP in the first quarter worth approximately $627,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Dbs Bank lowered HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. Sanford C. Bernstein assumed coverage on HP in a research note on Monday, September 15th. They issued a “market perform” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Barclays lowered their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 28th. Finally, Evercore ISI reissued an “in-line” rating and set a $29.00 price objective on shares of HP in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.38.

HP Stock Down 0.5%

Shares of HP stock opened at $26.71 on Friday. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79. The business’s fifty day simple moving average is $27.02 and its 200-day simple moving average is $26.24. The firm has a market cap of $24.97 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate 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 in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, equities analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

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.