Investment Analysts’ Weekly Ratings Changes for HP (HPQ)

HP (NYSE: HPQ) has recently received a number of price target changes and ratings updates:

• 11/29/2024 – HP was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 11/29/2024 – HP was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $38.00 price target on the stock, down previously from $39.00.
• 11/27/2024 – HP had its price target lowered by analysts at Citigroup Inc. from $37.00 to $36.50. They now have a “neutral” rating on the stock.
• 11/27/2024 – HP had its price target raised by analysts at TD Cowen from $32.00 to $39.00. They now have a “hold” rating on the stock.
• 11/27/2024 – HP had its price target raised by analysts at Barclays PLC from $32.00 to $35.00. They now have an “equal weight” rating on the stock.
• 11/20/2024 – HP had its price target lowered by analysts at JPMorgan Chase & Co. from $42.00 to $41.00. They now have an “overweight” rating on the stock.

HP Price Performance

HP stock opened at $36.79 on Wednesday. HP Inc. has a 12 month low of $27.42 and a 12 month high of $39.79. The company has a market cap of $35.46 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The stock’s 50-day moving average is $36.62 and its 200-day moving average is $35.70.

HP (NYSE:HPQ) last posted its earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current year.

HP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.28. HP’s dividend payout ratio (DPR) is 39.15%.

Insider Buying and Selling at HP

In other news, insider Alex Cho sold 10,298 shares of HP stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $34.32, for a total value of $353,427.36. Following the completion of the transaction, the insider now owns 64,676 shares in the company, valued at approximately $2,219,680.32. This trade represents a 13.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Enrique Lores sold 211,501 shares of HP stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $33.16, for a total value of $7,013,373.16. Following the completion of the transaction, the chief executive officer now owns 3 shares of the company’s stock, valued at approximately $99.48. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Institutional Trading of HP

Several hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in HP by 154.7% during the 1st quarter. Cetera Investment Advisers now owns 109,493 shares of the computer maker’s stock valued at $3,309,000 after acquiring an additional 66,510 shares in the last quarter. Cetera Advisors LLC raised its stake in HP by 43.9% during the 1st quarter. Cetera Advisors LLC now owns 38,796 shares of the computer maker’s stock valued at $1,172,000 after acquiring an additional 11,830 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in HP by 11.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,568 shares of the computer maker’s stock valued at $125,000 after acquiring an additional 372 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in HP during the 2nd quarter valued at $34,000. Finally, Mather Group LLC. raised its stake in HP by 35.8% during the 2nd quarter. Mather Group LLC. now owns 6,932 shares of the computer maker’s stock valued at $243,000 after acquiring an additional 1,826 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

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.