HP Inc. (NYSE:HPQ) Receives Average Rating of "Hold" from Brokerages

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have been assigned a consensus recommendation of "Hold" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.14.

Several research firms have recently commented on HPQ. Loop Capital dropped their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. HSBC lowered shares of HP from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $38.00 in a report on Friday, November 29th. Sanford C. Bernstein lifted their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Wells Fargo & Company upped their target price on HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Finally, Hsbc Global Res cut HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th.

HP Stock Performance

Shares of NYSE HPQ traded up $0.50 during mid-day trading on Friday, hitting $28.91. The stock had a trading volume of 6,395,143 shares, compared to its average volume of 7,123,775. The company has a 50 day moving average of $32.36 and a two-hundred day moving average of $34.41. HP has a twelve month low of $27.43 and a twelve month high of $39.80. The firm has a market cap of $27.25 billion, a PE ratio of 10.29, a PEG ratio of 2.96 and a beta of 1.09.

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HP (NYSE:HPQ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $13.50 billion for the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. Equities research analysts predict that HP will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.00%. HP's dividend payout ratio (DPR) is 41.37%.

Insider Buying and Selling

In other HP news, insider Stephanie Liebman sold 11,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the completion of the transaction, the insider now owns 6,277 shares of the company's stock, valued at $204,002.50. This represents a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by insiders.

Institutional Trading of HP

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in HP during the 4th quarter worth $229,320,000. State Street Corp grew its stake in HP by 8.2% during the 3rd quarter. State Street Corp now owns 51,801,428 shares of the computer maker's stock valued at $1,871,046,000 after acquiring an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC raised its holdings in HP by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 24,770,491 shares of the computer maker's stock valued at $885,877,000 after acquiring an additional 2,477,977 shares during the last quarter. KBC Group NV boosted its holdings in shares of HP by 145.1% during the 4th quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock worth $116,031,000 after purchasing an additional 2,105,104 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of HP in the fourth quarter valued at approximately $65,260,000. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

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.