Vetr lowered shares of HP Inc. (NYSE:HPQ) from a strong-buy rating to a buy rating in a research report sent to investors on Monday. The brokerage currently has $17.76 target price on the computer maker’s stock.

A number of other analysts have also issued reports on the stock. Credit Suisse Group AG restated a buy rating and set a $19.00 target price on shares of HP in a research report on Sunday, October 9th. RBC Capital Markets reiterated a sector perform rating and issued a $14.00 price target (up previously from $12.00) on shares of HP in a report on Monday, August 22nd. Morgan Stanley reiterated a buy rating on shares of HP in a report on Tuesday, September 13th. Citigroup Inc. lifted their price target on shares of HP from $14.00 to $16.00 and gave the company a neutral rating in a report on Monday, October 10th. Finally, Royal Bank Of Canada lifted their price target on shares of HP from $14.00 to $16.00 and gave the company a sector perform rating in a report on Monday, October 10th. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. HP currently has an average rating of Hold and an average price target of $15.48.

HP (NYSE:HPQ) opened at 16.00 on Monday. HP has a 12-month low of $8.91 and a 12-month high of $16.19. The company has a 50-day moving average price of $14.98 and a 200 day moving average price of $13.96. The stock has a market cap of $27.37 billion, a price-to-earnings ratio of 8.52 and a beta of 1.53.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.1327 per share. This is an increase from HP’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.53 annualized dividend and a yield of 3.32%. HP’s payout ratio is presently 26.74%.

In other HP news, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now owns 213,582 shares of the company’s stock, valued at $3,203,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marie Myers sold 10,269 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.55, for a total value of $149,413.95. Following the transaction, the insider now directly owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc increased its position in HP by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock valued at $284,000 after buying an additional 72 shares in the last quarter. Thompson Investment Management Inc. increased its position in HP by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 40,620 shares of the computer maker’s stock valued at $510,000 after buying an additional 120 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in HP by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 54,120 shares of the computer maker’s stock valued at $840,000 after buying an additional 150 shares in the last quarter. FineMark National Bank & Trust increased its position in HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock valued at $109,000 after buying an additional 168 shares in the last quarter. Finally, Conning Inc. increased its position in HP by 0.4% in the third quarter. Conning Inc. now owns 44,375 shares of the computer maker’s stock valued at $689,000 after buying an additional 190 shares in the last quarter. 79.49% of the stock is owned by hedge funds and other institutional investors.

HP Company Profile

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

5 Day Chart for NYSE:HPQ

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