HP Inc. (HPQ) Earns “Hold” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their hold rating on shares of HP Inc. (NYSE:HPQ) in a research report released on Thursday. The brokerage currently has a $20.00 price target on the computer maker’s stock.

HPQ has been the subject of several other research reports. UBS AG reaffirmed a buy rating and issued a $22.00 price target (up previously from $20.00) on shares of HP in a research report on Thursday, May 25th. Royal Bank Of Canada raised HP from a sector perform rating to an outperform rating and lifted their price target for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. BidaskClub lowered HP from a buy rating to a hold rating in a research report on Saturday, June 17th. Maxim Group reaffirmed a hold rating and issued a $22.00 price target (up previously from $21.00) on shares of HP in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $14.00 price target on shares of HP in a research report on Thursday. Ten research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. HP presently has an average rating of Buy and an average target price of $20.53.

Shares of HP (HPQ) opened at 19.31 on Thursday. The company has a market cap of $32.46 billion, a P/E ratio of 14.03 and a beta of 1.90. The stock’s 50 day moving average is $18.86 and its 200 day moving average is $18.09. HP has a 12 month low of $13.77 and a 12 month high of $19.78.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $12.31 billion. HP had a negative return on equity of 64.93% and a net margin of 4.66%. HP’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, analysts anticipate that HP will post $1.65 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.1327 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.75%. HP’s dividend payout ratio (DPR) is presently 38.41%.

In related news, insider Marie Myers sold 12,119 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $18.07, for a total value of $218,990.33. Following the transaction, the insider now directly owns 5,621 shares of the company’s stock, valued at approximately $101,571.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret C. Whitman sold 73,992 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $17.70, for a total value of $1,309,658.40. Following the completion of the transaction, the director now directly 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 quarter, insiders have sold 1,713,815 shares of company stock valued at $31,984,460. 0.62% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. boosted its position in 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 in the last quarter. American Beacon Advisors Inc. acquired a new position in HP during the first quarter worth approximately $112,000. YorkBridge Wealth Partners LLC boosted its position in HP by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 6,457 shares of the computer maker’s stock worth $113,000 after buying an additional 200 shares in the last quarter. First Command Bank boosted 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 worth $118,000 after buying an additional 2,984 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted 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 worth $119,000 after buying an additional 836 shares in the last quarter. 78.50% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for HP (NYSE:HPQ)




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