HP Inc (NYSE:HPQ) has earned an average rating of “Buy” from the twenty-four ratings firms that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.94.
A number of equities research analysts have issued reports on HPQ shares. Zacks Investment Research downgraded HP from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. UBS boosted their price target on HP from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, January 16th. Barclays downgraded HP from an “overweight” rating to an “equal weight” rating and set a $23.00 price target for the company. in a research report on Wednesday, January 17th. Citigroup boosted their price target on HP from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Loop Capital reissued a “buy” rating and set a $28.00 price target on shares of HP in a research report on Monday, January 22nd.
HPQ stock traded down $0.62 during trading on Wednesday, reaching $21.85. The company had a trading volume of 16,835,684 shares, compared to its average volume of 12,855,112. The firm has a market capitalization of $36,881.67, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.95 and a beta of 1.69. HP has a 52-week low of $17.03 and a 52-week high of $24.75. The company has a debt-to-equity ratio of -2.31, a current ratio of 0.91 and a quick ratio of 0.67.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Wednesday, March 14th will be given a $0.1393 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Tuesday, March 13th. HP’s payout ratio is 24.45%.
In related news, insider Ron Coughlin sold 15,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $22.50, for a total value of $337,500.00. Following the completion of the transaction, the insider now owns 130,766 shares of the company’s stock, valued at $2,942,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marie Myers sold 10,000 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $21.20, for a total value of $212,000.00. The disclosure for this sale can be found here. Insiders sold 545,699 shares of company stock valued at $12,306,389 in the last ninety days. Company insiders own 0.25% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in HP by 3.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 163,752 shares of the computer maker’s stock valued at $3,440,000 after purchasing an additional 5,168 shares during the last quarter. Magnetar Financial LLC purchased a new position in HP in the third quarter valued at about $424,000. Raymond James & Associates boosted its holdings in HP by 6.7% in the fourth quarter. Raymond James & Associates now owns 1,180,797 shares of the computer maker’s stock valued at $24,809,000 after purchasing an additional 74,648 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in HP by 4.9% in the third quarter. Public Employees Retirement System of Ohio now owns 1,175,619 shares of the computer maker’s stock valued at $23,465,000 after purchasing an additional 54,441 shares during the last quarter. Finally, Hudson Capital Management LLC purchased a new position in HP in the fourth quarter valued at about $1,264,000. 80.33% of the stock is owned by hedge funds and other institutional investors.
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HP Company Profile
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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