HP (NYSE:HPQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HP (NYSE:HPQ) from a hold rating to a buy rating in a report published on Saturday.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group lifted their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Citigroup boosted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Morgan Stanley upped their price objective on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Bank of America raised their price objective on HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $24.17.

HP Trading Down 3.8%

NYSE HPQ opened at $28.57 on Friday. The stock has a 50-day simple moving average of $25.86 and a 200 day simple moving average of $22.49. The company has a market capitalization of $26.13 billion, a PE ratio of 10.54, a P/E/G ratio of 5.01 and a beta of 1.17. HP has a 12 month low of $17.56 and a 12 month high of $32.19.

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

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 4.2%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of HP stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This trade represents a 34.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,620 shares of company stock worth $1,478,622 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HP

Several hedge funds have recently made changes to their positions in HPQ. Callan Family Office LLC bought a new position in shares of HP in the second quarter worth $3,029,000. Vanguard Group Inc. lifted its position in HP by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in HP during the fourth quarter worth about $31,899,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in HP by 5.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,977,716 shares of the computer maker’s stock worth $43,747,000 after buying an additional 103,175 shares in the last quarter. Finally, BNP Paribas increased its holdings in HP by 8,978.0% in the 4th quarter. BNP Paribas now owns 129,725 shares of the computer maker’s stock valued at $2,891,000 after buying an additional 128,296 shares during the period. 77.53% of the stock is owned by institutional investors.

HP Company Profile

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.