HP (NYSE:HPQ) Hits New 12-Month High – What’s Next?

HP Inc. (NYSE:HPQ)’s share price reached a new 52-week high on Friday . The company traded as high as $29.87 and last traded at $29.8950, with a volume of 8640687 shares changing hands. The stock had previously closed at $28.18.

Analyst Ratings Changes

HPQ has been the subject of several analyst reports. TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their target price on HP from $16.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, June 2nd. UBS Group boosted their price target on HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Finally, Bank of America increased their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, HP presently has a consensus rating of “Reduce” and a consensus target price of $23.33.

HP Stock Performance

The firm has a market capitalization of $27.45 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The business’s 50 day moving average is $25.00 and its 200-day moving average is $21.68.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $13.99 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The business’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts forecast that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is currently 44.28%.

Insiders Place Their Bets

In related news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $27.88, for a total transaction of $293,409.12. Following the completion of the sale, the insider owned 71,152 shares in the company, valued at $1,983,717.76. This represents a 12.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,572 shares of company stock worth $847,603. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Garner Asset Management Corp acquired a new stake in shares of HP in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC acquired a new position in HP during the 4th quarter valued at $26,000. SHP Wealth Management bought a new stake in HP in the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in HP by 97.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after purchasing an additional 646 shares during the period. Finally, Union Savings Bank acquired a new stake in HP in the 4th quarter worth $28,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

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.