HP Inc. (NYSE:HPQ) Receives $23.33 Consensus PT from Brokerages

Shares of HP Inc. (NYSE:HPQ) have been given an average rating of “Reduce” by the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $23.3333.

Several research firms recently weighed in on HPQ. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup upped their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen upgraded HP from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Morgan Stanley lifted their price objective on HP from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upped their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, June 2nd.

Insider Buying and Selling at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the sale, the insider owned 92,200 shares of the company’s stock, valued at $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.18% of the company’s stock.

Institutional Trading of HP

A number of large investors have recently bought and sold shares of HPQ. Vanguard Group Inc. grew its stake in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after buying an additional 2,435,634 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of HP by 8.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,981,864 shares of the computer maker’s stock valued at $45,063,000 after acquiring an additional 157,464 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of HP in the third quarter valued at approximately $22,601,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of HP in the 4th quarter worth approximately $31,899,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of HP by 5.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after acquiring an additional 103,175 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

HP Price Performance

Shares of HP stock traded up $0.34 during midday trading on Thursday, hitting $22.94. The company had a trading volume of 2,697,030 shares, compared to its average volume of 19,374,424. The business’s 50 day simple moving average is $23.10 and its two-hundred day simple moving average is $21.07. The stock has a market cap of $20.98 billion, a PE ratio of 8.45, a P/E/G ratio of 3.70 and a beta of 1.19. HP has a 1-year low of $17.56 and a 1-year high of $29.65.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts expect that HP will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio (DPR) is presently 44.28%.

About HP

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.