HP (NYSE:HPQ) Price Target Lowered to $25.00 at Citigroup

HP (NYSE:HPQ - Free Report) had its price target decreased by Citigroup from $36.50 to $25.00 in a research note issued to investors on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the computer maker's stock.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Morgan Stanley decreased their price objective on HP from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 28th. Sanford C. Bernstein upped their price objective on shares of HP from $32.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. StockNews.com downgraded shares of HP from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Loop Capital dropped their price target on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $34.00.

HP Stock Up 1.3 %

NYSE:HPQ traded up $0.30 during trading hours on Monday, hitting $23.77. 6,784,568 shares of the company traded hands, compared to its average volume of 7,847,123. The company has a market cap of $22.41 billion, a PE ratio of 8.46, a PEG ratio of 2.96 and a beta of 1.09. The firm's 50-day simple moving average is $28.56 and its 200-day simple moving average is $32.74. HP has a one year low of $21.21 and a one year high of $39.80.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The business had revenue of $13.50 billion for the quarter, compared to analysts' expectations of $13.35 billion. As a group, equities research analysts expect that HP will post 3.56 EPS for the current year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.2894 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.87%. HP's dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling

In other HP news, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares in the company, valued at $4,814.81. The trade was a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in HP by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock worth $825,398,000 after purchasing an additional 579,525 shares during the last quarter. Pacer Advisors Inc. grew its position in HP by 4.2% during the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker's stock worth $482,164,000 after acquiring an additional 592,391 shares during the last quarter. Northern Trust Corp increased its stake in HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after purchasing an additional 1,755,942 shares during the period. Invesco Ltd. lifted its position in HP by 7.3% in the fourth quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker's stock valued at $310,351,000 after purchasing an additional 643,192 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of HP by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after purchasing an additional 707,742 shares during the period. 77.53% of the stock is currently owned by institutional investors.

HP Company 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.