Wealth Enhancement Advisory Services LLC Acquires 27,669 Shares of HP Inc. $HPQ

Wealth Enhancement Advisory Services LLC boosted its holdings in HP Inc. (NYSE:HPQ) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,761 shares of the computer maker’s stock after acquiring an additional 27,669 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in HP were worth $7,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HPQ. Plato Investment Management Ltd lifted its stake in shares of HP by 1.2% during the first quarter. Plato Investment Management Ltd now owns 31,030 shares of the computer maker’s stock worth $869,000 after buying an additional 363 shares during the period. Coppell Advisory Solutions LLC raised its holdings in shares of HP by 4.4% during the first quarter. Coppell Advisory Solutions LLC now owns 8,747 shares of the computer maker’s stock worth $223,000 after purchasing an additional 369 shares during the last quarter. Fiduciary Financial Group LLC raised its holdings in shares of HP by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 12,712 shares of the computer maker’s stock worth $324,000 after purchasing an additional 390 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of HP by 2.1% during the first quarter. Bleakley Financial Group LLC now owns 20,262 shares of the computer maker’s stock worth $561,000 after purchasing an additional 411 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of HP by 13.3% during the first quarter. Private Trust Co. NA now owns 3,684 shares of the computer maker’s stock worth $102,000 after purchasing an additional 433 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HPQ has been the subject of several recent research reports. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Evercore ISI reissued an “in-line” rating and set a $29.00 target price on shares of HP in a report on Wednesday, September 10th. TD Cowen reduced their target price on shares of HP from $38.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, May 29th. JPMorgan Chase & Co. raised their target price on shares of HP from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Finally, Bank of America reduced their target price on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.38.

HP Stock Up 0.9%

HPQ stock opened at $28.52 on Wednesday. The stock has a market capitalization of $26.65 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.28 and a beta of 1.29. The firm has a 50-day simple moving average of $26.89 and a 200-day simple moving average of $26.28. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $13.93 billion during 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 company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. On average, 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.