HP Inc. (NYSE:HPQ) Given Average Recommendation of "Hold" by Analysts

HP Inc. (NYSE:HPQ - Get Free Report) has earned an average rating of "Hold" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.68.

HPQ has been the topic of several research analyst reports. TD Cowen raised their price objective on HP from $32.00 to $39.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Barclays increased their target price on HP from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Hsbc Global Res downgraded HP from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. HSBC downgraded HP from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Wells Fargo & Company increased their target price on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday.

HP Stock Up 0.1 %

Shares of HPQ traded up $0.05 during trading hours on Monday, hitting $34.73. 5,006,873 shares of the company were exchanged, compared to its average volume of 5,793,221. The firm's fifty day moving average is $33.10 and its 200 day moving average is $34.81. The company has a market cap of $32.57 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 2.92 and a beta of 1.05. HP has a fifty-two week low of $27.42 and a fifty-two week high of $39.79.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. HP's revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Analysts anticipate that HP will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently disclosed 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 3.33%. HP's dividend payout ratio (DPR) is 41.28%.

Insider Transactions at HP

In other HP news, insider Stephanie Liebman sold 11,000 shares of the business's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $32.50, for a total value of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares of the company's stock, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 137,094 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $36.45, for a total value of $4,997,076.30. Following the completion of the transaction, the chief executive officer now directly owns 89,272 shares in the company, valued at approximately $3,253,964.40. This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 273,035 shares of company stock worth $9,670,068 over the last ninety days. 0.41% of the stock is owned by insiders.

Hedge Funds Weigh In On HP

Several institutional investors have recently added to or reduced their stakes in HPQ. Norges Bank acquired a new position in HP in the fourth quarter valued at approximately $229,320,000. State Street Corp increased its holdings in shares of HP by 8.2% during the third 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 increased its holdings in shares of HP by 11.1% during the third 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 in the last quarter. KBC Group NV increased its holdings in shares of HP by 145.1% during the fourth quarter. KBC Group NV now owns 3,555,989 shares of the computer maker's stock valued at $116,031,000 after acquiring an additional 2,105,104 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of HP during the fourth quarter valued at approximately $65,260,000. 77.53% of the stock is owned by institutional investors and hedge funds.

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.