Impact Partnership Wealth LLC Buys 12,142 Shares of HP Inc. (NYSE:HPQ)

Impact Partnership Wealth LLC lifted its position in shares of HP Inc. (NYSE:HPQ) by 65.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,566 shares of the computer maker’s stock after buying an additional 12,142 shares during the period. Impact Partnership Wealth LLC’s holdings in HP were worth $1,096,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sawyer & Company Inc grew its stake in shares of HP by 900.0% during the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock worth $30,000 after acquiring an additional 900 shares in the last quarter. Triad Wealth Partners LLC bought a new position in HP in the second quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of HP during the 2nd quarter worth about $34,000. Wolff Wiese Magana LLC raised its holdings in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in HP in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Loop Capital decreased their price target on shares of HP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley lowered their target price on shares of HP from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on HP from $38.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. UBS Group raised their price objective on HP from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Bank of America downgraded shares of HP from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.55.

Insider Transactions at HP

In related news, CEO Enrique Lores sold 211,501 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $33.16, for a total value of $7,013,373.16. Following the transaction, the chief executive officer now owns 3 shares in the company, valued at $99.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

HP Trading Down 0.1 %

NYSE:HPQ traded down $0.04 during trading hours on Thursday, hitting $35.81. 172,892 shares of the company were exchanged, compared to its average volume of 7,818,596. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.67 and a beta of 1.07. HP Inc. has a one year low of $25.67 and a one year high of $39.52. The company has a fifty day simple moving average of $35.46 and a 200 day simple moving average of $34.02.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, August 28th. The computer maker reported $0.83 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.03). HP had a net margin of 5.33% and a negative return on equity of 266.37%. The company had revenue of $13.52 billion during the quarter, compared to the consensus estimate of $13.37 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Equities research analysts predict that HP Inc. will post 3.39 earnings per share for the current fiscal year.

HP declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 28th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the computer maker to repurchase up to 28.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

HP 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.