HP Inc. (NYSE:HPQ) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of HP Inc. (NYSE:HPQ) have been assigned an average recommendation of “Reduce” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.3333.

HPQ has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Wells Fargo & Company increased their target price on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. TD Cowen raised their target price on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Morgan Stanley lifted their price target on HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Zacks Research raised HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th.

HP Trading Up 0.3%

Shares of HPQ opened at $25.82 on Monday. HP has a 1-year low of $17.56 and a 1-year high of $29.65. The stock has a market capitalization of $23.61 billion, a P/E ratio of 9.53, a P/E/G ratio of 4.34 and a beta of 1.19. The business’s 50-day moving average price is $24.14 and its 200 day moving average price is $21.20.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. During the same period last year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, research analysts predict that HP will post 2.98 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Insider Activity at HP

In related news, insider David P. Mcquarrie sold 10,524 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the transaction, the insider directly owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On HP

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after acquiring an additional 2,435,634 shares in the last quarter. State Street Corp increased its position in HP by 5.3% in the 3rd quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock worth $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of HP by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after purchasing an additional 274,033 shares in the last quarter. Invesco Ltd. raised its stake in shares of HP by 31.7% during the 4th quarter. Invesco Ltd. now owns 15,236,428 shares of the computer maker’s stock worth $339,468,000 after purchasing an additional 3,671,511 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of HP by 50.2% during the 4th quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after buying an additional 4,542,339 shares during the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

About HP

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.