Lebenthal Global Advisors LLC Sells 24,100 Shares of HP Inc. $HPQ

Lebenthal Global Advisors LLC lessened its position in HP Inc. (NYSE:HPQ) by 54.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,111 shares of the computer maker’s stock after selling 24,100 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in HP were worth $629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HPQ. Parcion Private Wealth LLC boosted its stake in HP by 74.8% during the 3rd quarter. Parcion Private Wealth LLC now owns 19,617 shares of the computer maker’s stock valued at $614,000 after purchasing an additional 8,395 shares during the period. Soltis Investment Advisors LLC grew its holdings in HP by 43.5% in the 3rd quarter. Soltis Investment Advisors LLC now owns 16,358 shares of the computer maker’s stock valued at $512,000 after buying an additional 4,956 shares during the last quarter. Founders Financial Securities LLC grew its holdings in HP by 0.8% in the 3rd quarter. Founders Financial Securities LLC now owns 62,324 shares of the computer maker’s stock valued at $1,949,000 after buying an additional 496 shares during the last quarter. Choreo LLC increased its position in HP by 18.1% in the 3rd quarter. Choreo LLC now owns 67,383 shares of the computer maker’s stock worth $2,127,000 after buying an additional 10,313 shares during the period. Finally, VestGen Advisors LLC increased its position in HP by 561.2% in the 3rd quarter. VestGen Advisors LLC now owns 61,322 shares of the computer maker’s stock worth $1,918,000 after buying an additional 52,047 shares during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

Key Stories Impacting HP

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP’s lower valuation relative to Apple, along with continued adoption of AI-enabled PCs and demand for premium commercial devices, supports the stock’s long-term investment case. HPQ vs. AAPL: Which Computer Stock Offers Better Investment Potential?
• Positive Sentiment: HP previously exceeded quarterly expectations, reporting $0.83 in adjusted earnings per share versus a $0.66 consensus estimate and $15.68 billion in revenue, up 12.5% year over year. This provides some fundamental support, although investors are focused more heavily on forward PC demand. HP Inc. earnings preview: What to expect
• Neutral Sentiment: Insider Anneliese Olson sold approximately $618,542 of HP stock to cover tax withholding tied to vested equity awards. Because the sale was described as tax-related rather than discretionary, it is a limited signal about management’s outlook. Insider Selling: HP Insider Sells $618,542.32 in Stock
• Negative Sentiment: Intel’s warning that memory shortages are constraining PC demand triggered selling across computer and server makers, including HP. Investors fear tighter component availability, weaker PC shipments and margin pressure could weigh on HP’s upcoming results. Dell Sinks as Intel’s Warning Hits Hardware Stocks
• Negative Sentiment: Intel’s weak guidance and margin concerns reinforced fears of a broader PC-market downturn, increasing pressure on HP’s consumer-computing business and near-term earnings outlook. Silicon Shock: Intel’s 25% Valuation Reset
• Negative Sentiment: Zacks Research downgraded HP from “strong buy” to “hold,” adding to the cautious tone surrounding the stock. Broader analyst sentiment remains restrained, with concerns about slowing PC demand despite HP’s inexpensive valuation. Zacks Research stock recommendations

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore set a $32.00 price target on HP in a report on Monday, August 24th. Barclays raised their price objective on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Morgan Stanley dropped their target price on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, August 24th. Royal Bank Of Canada initiated coverage on shares of HP in a research note on Thursday, September 10th. They set a “sector perform” rating and a $33.00 target price for the company. Finally, Bank of America reissued an “underperform” rating on shares of HP in a report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, HP presently has an average rating of “Reduce” and a consensus price target of $25.42.

Insider Buying and Selling

In related news, insider David McQuarrie sold 31,572 shares of the company’s 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Anneliese Olson sold 18,997 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $32.56, for a total value of $618,542.32. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 82,141 shares of company stock worth $2,557,063. 0.18% of the stock is currently owned by company insiders.

HP Stock Down 9.5%

Shares of HPQ opened at $28.82 on Friday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $36.22. The firm has a market capitalization of $25.99 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.50 and a beta of 1.17. The stock’s 50-day moving average price is $31.73 and its 200 day moving average price is $24.54.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.44 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The company’s revenue for the quarter 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 expect that HP Inc. will post 3.23 EPS 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.