HP Inc. (NYSE:HPQ – Get Rating) has earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $36.92.
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on HP from $41.00 to $39.00 in a report on Wednesday, May 25th. Evercore ISI reaffirmed a “buy” rating and issued a $42.00 price objective on shares of HP in a report on Friday, February 25th. Morgan Stanley cut HP from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $34.00 to $31.00 in a report on Thursday, March 31st. Citigroup lifted their price objective on HP from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, June 1st. Finally, StockNews.com cut HP from a “buy” rating to a “hold” rating in a report on Friday, June 3rd.
In other news, CFO Marie Myers sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $36.62, for a total value of $164,790.00. Following the completion of the transaction, the chief financial officer now directly owns 33,219 shares of the company’s stock, valued at $1,216,479.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce D. Broussard bought 6,810 shares of HP stock in a transaction dated Thursday, March 31st. The stock was acquired at an average cost of $36.67 per share, with a total value of $249,722.70. The disclosure for this purchase can be found here. Over the last three months, insiders sold 69,857 shares of company stock valued at $2,574,733. Company insiders own 0.22% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Advisors Ltd. LLC boosted its holdings in shares of HP by 3.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 7,376 shares of the computer maker’s stock worth $278,000 after acquiring an additional 269 shares during the period. KCM Investment Advisors LLC boosted its holdings in shares of HP by 3.2% in the fourth quarter. KCM Investment Advisors LLC now owns 9,151 shares of the computer maker’s stock worth $345,000 after acquiring an additional 280 shares during the period. Stonnington Group LLC boosted its holdings in shares of HP by 5.3% in the first quarter. Stonnington Group LLC now owns 5,790 shares of the computer maker’s stock worth $221,000 after acquiring an additional 290 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of HP by 3.5% in the fourth quarter. Wesbanco Bank Inc. now owns 8,827 shares of the computer maker’s stock worth $332,000 after acquiring an additional 300 shares during the period. Finally, CAPROCK Group Inc. boosted its holdings in shares of HP by 2.3% in the fourth quarter. CAPROCK Group Inc. now owns 14,012 shares of the computer maker’s stock worth $532,000 after acquiring an additional 317 shares during the period. 81.94% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE HPQ opened at $33.55 on Friday. HP has a 12 month low of $26.11 and a 12 month high of $41.47. The stock has a 50 day moving average of $37.14 and a 200-day moving average of $37.02. The company has a market capitalization of $34.70 billion, a P/E ratio of 6.03, a P/E/G ratio of 2.00 and a beta of 0.92.
HP (NYSE:HPQ – Get Rating) last issued its earnings results on Tuesday, May 31st. The computer maker reported $1.08 EPS for the quarter, topping the consensus estimate of $1.05 by $0.03. HP had a negative return on equity of 188.59% and a net margin of 9.61%. The company had revenue of $16.49 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that HP will post 4.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, June 7th. HP’s dividend payout ratio (DPR) is currently 17.99%.
About HP (Get Rating)
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.