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

Shares of HP Inc. (NYSE:HPQ) have received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One 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 12 month price target among analysts that have issued a report on the stock in the last year is $36.68.

Several analysts have recently commented on the company. TD Cowen raised their target price on HP from $32.00 to $39.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $38.00 in a research report on Friday, November 29th. Finally, Barclays raised their price target on shares of HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th.

HP Trading Down 0.3 %

Shares of HP stock opened at $34.63 on Monday. The business has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $34.83. The company has a market cap of $32.48 billion, a P/E ratio of 12.32, a PEG ratio of 2.96 and a beta of 1.05. HP has a 1-year low of $27.42 and a 1-year high of $39.79.

HP (NYSE:HPQ) last issued its earnings results on Tuesday, November 26th. The computer maker reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. Equities research analysts forecast that HP will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.2894 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. HP’s dividend payout ratio (DPR) is presently 41.28%.

Insider Buying and Selling

In related news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $32.50, for a total value of $357,500.00. Following the completion of the transaction, the insider now directly owns 6,277 shares in the company, valued at approximately $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kristen M. Ludgate sold 74,356 shares of HP stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.43, for a total transaction of $2,560,077.08. Following the completion of the transaction, the insider now owns 56,169 shares of the company’s stock, valued at $1,933,898.67. This represents a 56.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in HP by 8.2% in 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 buying an additional 3,923,161 shares in the last quarter. Geode Capital Management LLC grew its stake in HP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker’s stock valued at $825,398,000 after buying an additional 579,525 shares in the last quarter. Pacer Advisors Inc. grew its stake in HP by 4.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,776,697 shares of the computer maker’s stock valued at $482,164,000 after buying an additional 592,391 shares in the last quarter. Northern Trust Corp grew 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 valued at $419,126,000 after buying an additional 1,755,942 shares in the last quarter. Finally, Invesco Ltd. grew its stake in HP by 7.3% in the 4th quarter. Invesco Ltd. now owns 9,511,218 shares of the computer maker’s stock valued at $310,351,000 after buying an additional 643,192 shares in the last quarter. 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.