Shares of HP Inc. (NYSE:HPQ – Get Free Report) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $36.23.
Several equities research analysts recently issued reports on HPQ shares. Hsbc Global Res cut HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. JPMorgan Chase & Co. lowered their price objective on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Bank of America cut HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Friday, September 27th. TD Cowen boosted their target price on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Barclays boosted their target price on HP from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th.
Read Our Latest Stock Report on HPQ
HP Trading Up 0.6 %
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.99 billion. During the same period in the previous year, the firm posted $0.90 EPS. HP’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts forecast that HP will post 3.56 EPS for the current fiscal year.
HP Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s payout ratio is presently 41.28%.
Insider Activity
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 sale, the insider now owns 6,277 shares of the company’s stock, valued at $204,002.50. The trade was a 63.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alex Cho sold 10,298 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at approximately $2,219,680.32. The trade was a 13.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,035 shares of company stock valued at $9,670,068. 0.41% of the stock is currently owned by company insiders.
Institutional Trading of HP
Large investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in HP in the third quarter valued at $25,000. Wolff Wiese Magana LLC raised its holdings in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after purchasing an additional 518 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in HP during the third quarter worth about $37,000. Itau Unibanco Holding S.A. purchased a new position in HP during the third quarter worth about $40,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in HP during the third quarter worth about $44,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.
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.
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