UBS Group reissued their buy rating on shares of HP (NYSE:HPQ) in a research report report published on Friday morning, www.benzinga.com reports. The brokerage currently has a $28.00 target price on the computer maker’s stock, up from their previous target price of $26.00.
HPQ has been the subject of several other research reports. Maxim Group reiterated a hold rating and issued a $25.00 price target on shares of HP in a report on Friday, October 27th. Morgan Stanley reiterated a hold rating and issued a $14.00 price target on shares of HP in a report on Wednesday, November 22nd. Mizuho cut shares of HP from a buy rating to a neutral rating and set a $23.00 price target for the company. in a report on Thursday, February 1st. They noted that the move was a valuation call. Loop Capital reiterated a buy rating and issued a $28.00 price target on shares of HP in a report on Monday, January 22nd. Finally, Deutsche Bank reiterated a buy rating and issued a $25.00 price target on shares of HP in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $23.71.
Shares of HP (HPQ) opened at $23.46 on Friday. HP has a 12 month low of $17.03 and a 12 month high of $24.10. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of -2.31. The company has a market cap of $38,600.00, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 2.18 and a beta of 1.76.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Tuesday, March 13th. HP’s payout ratio is 18.86%.
In other HP news, insider Kim M. Rivera sold 14,635 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $21.08, for a total value of $308,505.80. Following the completion of the sale, the insider now owns 79,553 shares in the company, valued at $1,676,977.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marie Myers sold 10,000 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $21.20, for a total transaction of $212,000.00. The disclosure for this sale can be found here. Insiders have sold 631,020 shares of company stock valued at $14,134,644 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Empirical Finance LLC lifted its stake in HP by 3.1% in the third quarter. Empirical Finance LLC now owns 78,281 shares of the computer maker’s stock valued at $1,563,000 after acquiring an additional 2,325 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in HP by 5.1% in the third quarter. Peddock Capital Advisors LLC now owns 48,975 shares of the computer maker’s stock valued at $978,000 after acquiring an additional 2,374 shares during the last quarter. Robecosam AG lifted its stake in HP by 12.6% in the third quarter. Robecosam AG now owns 21,400 shares of the computer maker’s stock valued at $427,000 after acquiring an additional 2,400 shares during the last quarter. BB&T Investment Services Inc. lifted its stake in HP by 94.0% in the fourth quarter. BB&T Investment Services Inc. now owns 5,038 shares of the computer maker’s stock valued at $108,000 after acquiring an additional 2,441 shares during the last quarter. Finally, MAI Capital Management lifted its stake in HP by 22.5% in the fourth quarter. MAI Capital Management now owns 14,171 shares of the computer maker’s stock valued at $298,000 after acquiring an additional 2,604 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.
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HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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