BMO Capital Markets reaffirmed their hold rating on shares of HP Inc. (NYSE:HPQ) in a research note published on Thursday morning. BMO Capital Markets currently has a $20.00 price objective on the computer maker’s stock.
Several other research analysts have also weighed in on the stock. Vetr lowered shares of HP from a buy rating to a hold rating and set a $19.72 price objective on the stock. in a research note on Monday, June 5th. ValuEngine raised shares of HP from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Susquehanna Bancshares Inc started coverage on shares of HP in a research note on Thursday, July 13th. They set a neutral rating and a $20.00 price objective on the stock. Royal Bank Of Canada lifted their price objective on shares of HP from $20.00 to $21.00 and gave the stock a sector perform rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research raised shares of HP from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Wednesday, July 12th. Ten analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $20.53.
Shares of HP (HPQ) traded down 0.52% on Thursday, hitting $19.31. 13,592,877 shares of the stock were exchanged. The firm’s 50-day moving average is $18.86 and its 200-day moving average is $18.09. HP has a one year low of $13.77 and a one year high of $19.78. The company has a market cap of $32.46 billion, a P/E ratio of 14.03 and a beta of 1.90.
HP (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. HP had a net margin of 4.66% and a negative return on equity of 64.93%. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.31 billion. During the same quarter last year, the firm earned $0.48 EPS. HP’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that HP will post $1.65 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.1327 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a yield of 2.75%. HP’s payout ratio is 38.41%.
In related news, insider Marie Myers sold 12,119 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.07, for a total transaction of $218,990.33. Following the transaction, the insider now directly owns 5,621 shares in the company, valued at $101,571.47. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $17.70, for a total transaction of $1,309,658.40. Following the transaction, the director now owns 544,881 shares in the company, valued at $9,644,393.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,713,815 shares of company stock worth $31,984,460. 0.62% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its position in shares of HP by 19.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,167 shares of the computer maker’s stock worth $108,000 after buying an additional 1,013 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of HP during the first quarter worth $112,000. YorkBridge Wealth Partners LLC increased its position in HP by 12.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 6,257 shares of the computer maker’s stock valued at $118,000 after buying an additional 675 shares in the last quarter. First Command Bank increased its position in HP by 80.0% in the second quarter. First Command Bank now owns 6,714 shares of the computer maker’s stock valued at $118,000 after buying an additional 2,984 shares in the last quarter. Finally, Evercore Wealth Management LLC increased its position in HP by 14.0% in the second quarter. Evercore Wealth Management LLC now owns 6,793 shares of the computer maker’s stock valued at $119,000 after buying an additional 836 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.
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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