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

HP Inc. (NYSE:HPQ) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.64.

A number of equities analysts have recently issued reports on HPQ shares. Bank of America increased their price target on HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley boosted their price target on shares of HP from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on shares of HP from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Citigroup boosted their price objective on shares of HP from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Finally, Wells Fargo & Company increased their target price on HP from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, May 30th.

Insider Activity at HP

In other news, insider Alex Cho sold 173,137 shares of HP stock in a transaction on Friday, June 21st. The shares were sold at an average price of $36.11, for a total transaction of $6,251,977.07. Following the completion of the sale, the insider now directly owns 64,676 shares in the company, valued at $2,335,450.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HP

Several hedge funds and other institutional investors have recently bought and sold shares of HPQ. Rosenberg Matthew Hamilton boosted its holdings in shares of HP by 84.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 866 shares of the computer maker’s stock valued at $26,000 after acquiring an additional 397 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in HP in the fourth quarter valued at $28,000. Sawyer & Company Inc grew its position in HP by 900.0% during the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock worth $30,000 after purchasing an additional 900 shares during the period. Janiczek Wealth Management LLC raised its stake in shares of HP by 116.7% during 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 during the last quarter. Finally, Rise Advisors LLC lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 77.53% of the company’s stock.

HP Trading Up 0.1 %

NYSE:HPQ opened at $36.10 on Friday. The stock has a fifty day simple moving average of $34.02 and a 200-day simple moving average of $30.91. The company has a market cap of $35.33 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09. HP has a twelve month low of $25.22 and a twelve month high of $39.52.

HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 29th. The computer maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.61 billion. HP had a net margin of 5.60% and a negative return on equity of 230.39%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. As a group, equities research analysts predict that HP will post 3.45 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be issued a dividend of $0.2756 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.10 annualized dividend and a dividend yield of 3.05%. HP’s dividend payout ratio (DPR) is currently 37.16%.

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.