Brokerages Set HP Inc. (NYSE:HPQ) PT at $36.14

Shares of HP Inc. (NYSE:HPQ) have earned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $36.14.

A number of brokerages recently commented on HPQ. Barclays lifted their price objective on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Hsbc Global Res lowered HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Loop Capital lowered their price objective on HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company lifted their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley lowered their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th.

HP Stock Performance

Shares of NYSE:HPQ opened at $28.43 on Friday. HP has a twelve month low of $27.43 and a twelve month high of $39.80. The firm has a market cap of $26.80 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The business has a fifty day moving average of $32.36 and a 200-day moving average of $34.41.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. On average, analysts anticipate that HP will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Activity

In other news, insider Stephanie Liebman sold 11,000 shares of HP stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HP

Several institutional investors have recently bought and sold shares of HPQ. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of HP during the 4th quarter worth approximately $10,421,000. Aegis Wealth Management LLC acquired a new position in shares of HP during the 4th quarter worth approximately $261,000. AG Asset Advisory LLC acquired a new position in shares of HP during the 4th quarter worth approximately $276,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HP during the 4th quarter worth approximately $63,612,000. Finally, Brooklyn FI LLC acquired a new position in shares of HP during the 4th quarter worth approximately $9,162,000. Institutional investors own 77.53% of the company’s stock.

About HP

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.