HP Inc. (NYSE:HPQ – Get Free Report) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.11.
Several analysts have commented on HPQ shares. Evercore ISI raised shares of HP from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $40.00 in a research report on Monday, December 11th. Morgan Stanley raised HP from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $31.00 to $35.00 in a research note on Tuesday, December 12th. StockNews.com lowered shares of HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. HSBC raised shares of HP from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, February 14th. Finally, Barclays increased their price target on shares of HP from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th.
Get Our Latest Analysis on HPQ
HP Stock Performance
Shares of HPQ opened at $30.22 on Friday. HP has a 52-week low of $25.22 and a 52-week high of $33.90. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 2.52 and a beta of 1.04. The business’s fifty day moving average is $29.30 and its 200-day moving average is $28.55.
HP (NYSE:HPQ – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The computer maker reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The company had revenue of $13.19 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts forecast that HP will post 3.41 EPS for the current fiscal year.
HP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th will be given a $0.2756 dividend. This represents a $1.10 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, March 12th. HP’s dividend payout ratio is currently 32.16%.
Insider Activity at HP
In other HP news, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $30.01, for a total value of $2,010,670.00. Following the transaction, the director now owns 60,216 shares in the company, valued at $1,807,082.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kristen M. Ludgate sold 41,015 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.24, for a total transaction of $1,199,278.60. Following the completion of the transaction, the insider now directly owns 56,169 shares in the company, valued at approximately $1,642,381.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert R. Bennett sold 67,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $30.01, for a total value of $2,010,670.00. Following the completion of the transaction, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The disclosure for this sale can be found here. Insiders sold a total of 154,723 shares of company stock valued at $4,609,787 over the last ninety days. Insiders own 0.41% of the company’s stock.
Institutional Investors Weigh In On HP
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in HP by 12.3% in the third quarter. Vanguard Group Inc. now owns 117,509,674 shares of the computer maker’s stock worth $3,019,999,000 after acquiring an additional 12,883,347 shares in the last quarter. Geode Capital Management LLC raised its position in shares of HP by 2.2% in the first quarter. Geode Capital Management LLC now owns 19,387,223 shares of the computer maker’s stock valued at $568,395,000 after purchasing an additional 421,075 shares during the period. Morgan Stanley boosted its holdings in shares of HP by 22.5% in the fourth quarter. Morgan Stanley now owns 14,639,525 shares of the computer maker’s stock worth $393,364,000 after acquiring an additional 2,686,976 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in HP by 114,461.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,538,630 shares of the computer maker’s stock valued at $310,043,000 after buying an additional 11,528,558 shares in the last quarter. Finally, Northern Trust Corp grew its stake in HP by 0.4% during the fourth quarter. Northern Trust Corp now owns 10,172,444 shares of the computer maker’s stock valued at $306,089,000 after acquiring an additional 40,884 shares in the last quarter. 77.53% of the stock is 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.
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