HP Inc. (NYSE:HPQ) was downgraded by equities research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other brokerages have also recently issued reports on HPQ. Citigroup Inc. lifted their price objective on HP from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Credit Suisse Group AG restated a “buy” rating and issued a $19.00 price target on shares of HP in a research note on Friday, August 12th. Mizuho restated a “neutral” rating and issued a $12.00 price target on shares of HP in a research note on Thursday, August 25th. BMO Capital Markets boosted their price target on HP from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Thursday, August 25th. Finally, RBC Capital Markets restated a “sector perform” rating and issued a $14.00 price target on shares of HP in a research note on Tuesday, September 13th. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. HP presently has an average rating of “Hold” and a consensus price target of $15.48.

Analyst Recommendations for HP (NYSE:HPQ)

Shares of HP (NYSE:HPQ) opened at 15.95 on Wednesday. The company’s 50-day moving average price is $14.99 and its 200-day moving average price is $13.99. HP has a one year low of $8.91 and a one year high of $16.19. The stock has a market cap of $27.29 billion, a PE ratio of 8.49 and a beta of 1.53.

HP (NYSE:HPQ) last announced its quarterly earnings data on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business earned $12.50 billion during the quarter, compared to analysts’ expectations of $11.89 billion. HP had a return on equity of 106.26% and a net margin of 5.41%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Equities research analysts anticipate that HP will post $1.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Wednesday, December 14th will be given a $0.1327 dividend. This represents a $0.53 annualized dividend and a dividend yield of 3.33%. This is an increase from HP’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, December 12th. HP’s payout ratio is presently 26.74%.

In other 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 value of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares in the company, valued at $3,203,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marie Myers sold 10,269 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $14.55, for a total value of $149,413.95. Following the completion of the transaction, the insider now owns 22,390 shares in the company, valued at $325,774.50. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Visionary Asset Management Inc. increased its stake in HP by 3.0% in the second quarter. Visionary Asset Management Inc. now owns 219,612 shares of the computer maker’s stock worth $2,760,000 after buying an additional 6,466 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in HP by 5.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 442,791 shares of the computer maker’s stock worth $5,557,000 after buying an additional 22,392 shares in the last quarter. Wealthfront Inc. increased its stake in HP by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock worth $214,000 after buying an additional 3,638 shares in the last quarter. Wealthsource Partners LLC increased its stake in HP by 15.5% in the second quarter. Wealthsource Partners LLC now owns 16,390 shares of the computer maker’s stock worth $206,000 after buying an additional 2,196 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in HP by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock worth $172,000 after buying an additional 2,755 shares in the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.

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About HP

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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