HP Inc. (NYSE:HPQ) Given Average Recommendation of "Hold" by Brokerages

Shares of HP Inc. (NYSE:HPQ - Get Free Report) have been given an average rating of "Hold" by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $29.54.

A number of research firms have weighed in on HPQ. Wells Fargo & Company decreased their target price on shares of HP from $35.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday. Loop Capital cut their price target on HP from $35.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, March 4th. Barclays dropped their target price on HP from $36.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday. UBS Group cut their price objective on shares of HP from $37.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Evercore ISI dropped their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday, April 28th.

Insider Transactions at HP

In other HP news, insider Anneliese Olson sold 21,545 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares of the company's stock, valued at $4,814.81. This represents a 99.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company's stock.

Institutional Investors Weigh In On HP

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in HP by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 25,350,016 shares of the computer maker's stock valued at $825,398,000 after buying an additional 579,525 shares during the last quarter. Northern Trust Corp lifted its position in shares of HP by 15.8% in the 4th quarter. Northern Trust Corp now owns 12,844,795 shares of the computer maker's stock worth $419,126,000 after buying an additional 1,755,942 shares during the last quarter. Invesco Ltd. raised its position in shares of HP by 19.2% during the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in HP by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,013,184 shares of the computer maker's stock valued at $277,265,000 after buying an additional 724,020 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock valued at $303,105,000 after purchasing an additional 707,742 shares during the period. Institutional investors and hedge funds own 77.53% of the company's stock.

HP Trading Down 8.2%

HPQ traded down $2.23 during trading on Wednesday, hitting $24.97. The company's stock had a trading volume of 26,461,870 shares, compared to its average volume of 8,000,667. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 2.96 and a beta of 1.32. HP has a twelve month low of $21.21 and a twelve month high of $39.80. The business's fifty day simple moving average is $26.11 and its 200 day simple moving average is $30.87.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $13.09 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.82 EPS. As a group, equities research analysts forecast that HP will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Wednesday, June 11th. HP's dividend payout ratio (DPR) is 41.37%.

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.