Citigroup Cuts HP (NYSE:HPQ) Price Target to $22.00

HP (NYSE:HPQ) had its target price lowered by Citigroup from $25.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the computer maker’s stock.

Several other research firms also recently commented on HPQ. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Argus upgraded HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Morgan Stanley lowered their target price on HP from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 26th. Finally, Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Sunday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, HP currently has a consensus rating of “Hold” and a consensus target price of $24.77.

HP Price Performance

HPQ stock opened at $19.83 on Tuesday. HP has a 1-year low of $19.27 and a 1-year high of $35.28. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 3.67 and a beta of 1.21. The business has a 50 day simple moving average of $23.05 and a two-hundred day simple moving average of $25.49.

HP (NYSE:HPQ) last released its quarterly earnings data on Tuesday, November 25th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.02. HP had a net margin of 4.57% and a negative return on equity of 330.68%. The firm had revenue of $14.64 billion for the quarter, compared to analysts’ expectations of $14.50 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. Sell-side analysts anticipate that HP will post 3.56 EPS for the current fiscal year.

HP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.1%. This is an increase from HP’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th. HP’s payout ratio is currently 45.28%.

Insider Transactions at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $23.19, for a total transaction of $772,713.99. Following the sale, the insider owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Enrique Lores sold 41,922 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares in the company, valued at approximately $3,677,856. The trade was a 22.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 110,123 shares of company stock valued at $2,784,126. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its stake in shares of HP by 14.9% in the third quarter. Richardson Financial Services Inc. now owns 2,827 shares of the computer maker’s stock worth $77,000 after purchasing an additional 367 shares during the last quarter. Auxano Advisors LLC raised its position in HP by 4.4% during the 3rd quarter. Auxano Advisors LLC now owns 9,261 shares of the computer maker’s stock worth $252,000 after buying an additional 391 shares during the last quarter. IHT Wealth Management LLC lifted its stake in HP by 3.3% during the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after acquiring an additional 398 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of HP by 42.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,349 shares of the computer maker’s stock valued at $37,000 after acquiring an additional 405 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of HP by 6.4% in the second quarter. TD Waterhouse Canada Inc. now owns 6,799 shares of the computer maker’s stock worth $173,000 after acquiring an additional 410 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.