HP (NYSE:HPQ) Price Target Raised to $29.00

HP (NYSE:HPQ) had its price objective hoisted by UBS Group from $26.00 to $29.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have a neutral rating on the computer maker’s stock.

Several other analysts also recently commented on the company. Dbs Bank downgraded HP from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. reduced their price objective on HP from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, May 29th. Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Bank of America reduced their price objective on HP from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.96.

HP Stock Up 0.7%

HPQ opened at $28.54 on Thursday. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $26.78. The company has a market cap of $26.81 billion, a PE ratio of 10.42, a P/E/G ratio of 2.30 and a beta of 1.29. HP has a 52 week low of $21.21 and a 52 week high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $13.93 billion during the quarter, compared to the consensus estimate of $13.69 billion. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts expect that HP will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 10th. HP’s dividend payout ratio is 42.34%.

Hedge Funds Weigh In On HP

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of HP by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 126,536,318 shares of the computer maker’s stock worth $3,095,078,000 after buying an additional 2,395,056 shares in the last quarter. Dodge & Cox increased its stake in HP by 4.6% in the 2nd quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after purchasing an additional 1,537,945 shares in the last quarter. Geode Capital Management LLC increased its stake in HP by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 26,187,203 shares of the computer maker’s stock valued at $638,720,000 after purchasing an additional 424,544 shares in the last quarter. Invesco Ltd. increased its stake in HP by 15.9% in the 2nd quarter. Invesco Ltd. now owns 13,146,875 shares of the computer maker’s stock valued at $321,573,000 after purchasing an additional 1,806,246 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in HP by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker’s stock valued at $277,265,000 after purchasing an additional 724,020 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other 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.