HP Inc. (NYSE:HPQ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of HP Inc. (NYSE:HPQ) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.11.

A number of equities research analysts recently commented on HPQ shares. Barclays lifted their target price on HP from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, February 29th. HSBC raised HP from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a report on Wednesday, February 14th. Finally, StockNews.com downgraded HP from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st.

HP Stock Down 0.4 %

HP stock opened at $27.70 on Tuesday. HP has a 52 week low of $25.22 and a 52 week high of $33.90. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The stock has a 50-day moving average price of $29.32 and a 200 day moving average price of $28.83.

HP (NYSE:HPQ) last released its earnings results on Wednesday, February 28th. The computer maker reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. HP had a negative return on equity of 181.02% and a net margin of 6.45%. The firm had revenue of $13.19 billion during the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was down 4.4% compared to the same quarter last year. Research analysts anticipate that HP will post 3.42 EPS for the current fiscal year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a $0.2756 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Tuesday, March 12th. HP’s dividend payout ratio (DPR) is presently 32.16%.

Insider Activity

In other news, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 60,216 shares in the company, valued at $1,807,082.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Stephanie Liebman sold 8,708 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $30.93, for a total transaction of $269,338.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert R. Bennett sold 67,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 60,216 shares of the company’s stock, valued at $1,807,082.16. The disclosure for this sale can be found here. Insiders sold 116,723 shares of company stock worth $3,479,287 over the last three months. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of HP

Large investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position in shares of HP by 84.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock worth $26,000 after purchasing an additional 397 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in HP in the 4th quarter valued at $28,000. Sawyer & Company Inc grew its holdings in HP by 900.0% in the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in HP by 116.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,051 shares of the computer maker’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Finally, Rise Advisors LLC grew its holdings in HP by 377.9% in the 1st quarter. Rise Advisors LLC now owns 1,061 shares of the computer maker’s stock valued at $32,000 after buying an additional 839 shares in the last quarter. 77.53% of the stock is currently 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.