HP (NYSE:HPQ) Price Target Lowered to $22.00 at Citigroup

HP (NYSE:HPQ) had its price objective trimmed by Citigroup from $25.00 to $22.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the computer maker’s stock.

Other research analysts have also issued reports about the company. Barclays reissued an “underweight” rating and issued a $18.00 price objective (down from $24.00) on shares of HP in a report on Friday. Zacks Research lowered HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Morgan Stanley cut their price target on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price objective on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Finally, Bank of America decreased their target price on shares of HP from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.77.

HP Trading Down 2.9%

Shares of HPQ opened at $19.79 on Tuesday. HP has a 12 month low of $19.58 and a 12 month high of $35.28. The stock has a fifty day moving average price of $23.26 and a 200-day moving average price of $25.57. The firm has a market cap of $18.17 billion, a PE ratio of 7.47, a P/E/G ratio of 3.82 and a beta of 1.21.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The company had revenue of $14.64 billion during the quarter, compared to analysts’ expectations of $14.50 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, research analysts forecast that HP will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were given a dividend of $0.30 per share. This is an increase from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Thursday, December 11th. HP’s dividend payout ratio (DPR) is currently 45.28%.

Insider Buying and Selling at HP

In other news, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the sale, the insider directly owned 169 shares in the company, valued at $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the transaction, the insider owned 34,572 shares in the company, valued at $801,724.68. This trade represents a 49.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 110,123 shares of company stock valued at $2,784,126. Company insiders own 0.38% of the company’s stock.

Institutional Trading of HP

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock worth $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of HP by 143.4% during the third quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after acquiring an additional 5,325,260 shares during the last quarter. Norges Bank purchased a new position in shares of HP in the second quarter valued at approximately $91,698,000. Vanguard Group Inc. boosted its stake in shares of HP by 2.5% in the third quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after acquiring an additional 3,122,436 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of HP in the second quarter worth approximately $74,385,000. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.