HP (NYSE:HPQ) Sets New 52-Week High – What’s Next?

HP Inc. (NYSE:HPQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $32.37 and last traded at $32.3730, with a volume of 6899757 shares changing hands. The stock had previously closed at $31.32.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HPQ shares. Barclays raised their price target on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Sanford C. Bernstein restated a “market perform” rating and issued a $32.00 target price on shares of HP in a research report on Thursday, August 27th. Evercore set a $32.00 price target on shares of HP in a report on Monday, August 24th. The Goldman Sachs Group increased their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of HP from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $25.17.

HP Price Performance

The stock has a market cap of $29.04 billion, a P/E ratio of 12.26, a PEG ratio of 1.56 and a beta of 1.18. The business’s fifty day moving average price is $26.66 and its 200 day moving average price is $22.94.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.44 billion. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. On average, analysts predict that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 45.80%.

Insider Activity

In other news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HP

A number of institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC boosted its stake in shares of HP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares in the last quarter. Vident Advisory LLC increased its stake in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock valued at $1,702,000 after buying an additional 444 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in HP by 10.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock valued at $110,000 after buying an additional 467 shares during the last quarter. Vise Technologies Inc. raised its holdings in HP by 2.4% in the 3rd quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after buying an additional 477 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in HP by 0.6% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after buying an additional 491 shares during the period. 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.