19,824 HP Inc. $HPQ Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. lessened its position in shares of HP Inc. (NYSE:HPQ) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,088,774 shares of the computer maker’s stock after selling 19,824 shares during the period. HP makes up about 2.8% of Foundation Resource Management Inc.’s portfolio, making the stock its 9th largest holding. Foundation Resource Management Inc.’s holdings in HP were worth $34,057,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kaufman Rossin Wealth LLC acquired a new position in HP during the third quarter valued at approximately $214,000. IFP Advisors Inc lifted its stake in HP by 15.1% during the third quarter. IFP Advisors Inc now owns 42,008 shares of the computer maker’s stock worth $1,314,000 after purchasing an additional 5,498 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in HP by 2.9% during the third quarter. Frank Rimerman Advisors LLC now owns 40,869 shares of the computer maker’s stock worth $1,278,000 after purchasing an additional 1,151 shares during the last quarter. Encompass More Asset Management acquired a new stake in shares of HP in the 3rd quarter valued at $221,000. Finally, Counterpoint Mutual Funds LLC boosted its holdings in shares of HP by 1.0% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 318,891 shares of the computer maker’s stock valued at $9,975,000 after purchasing an additional 3,284 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HPQ. Morgan Stanley decreased their price target on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, August 24th. Wall Street Zen downgraded HP from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Barclays upped their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. The Goldman Sachs Group raised their price objective on HP from $19.00 to $21.00 and gave the company a “sell” rating in a research note on Wednesday, August 12th. Finally, TD Cowen lifted their target price on HP from $26.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, August 27th. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $25.42.

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 value of $1,014,092.64. Following the completion of the transaction, the insider directly owned 8,008 shares in the company, valued at approximately $257,216.96. This represents a 79.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 73,668 shares of company stock worth $2,232,982 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

HP Stock Performance

Shares of HP stock traded up $0.24 during midday trading on Monday, hitting $30.25. 8,604,933 shares of the company traded hands, compared to its average volume of 17,774,094. The firm’s fifty day moving average price is $31.33 and its 200-day moving average price is $26.02. The stock has a market cap of $27.28 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.56 and a beta of 1.17. HP Inc. has a 12 month low of $17.56 and a 12 month high of $36.22.

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

HP Company 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.