HP (NYSE:HPQ) Hits New 52-Week High – Here’s What Happened

HP Inc. (NYSE:HPQ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $32.78 and last traded at $32.0380, with a volume of 13292535 shares traded. The stock had previously closed at $32.64.

Analyst Upgrades and Downgrades

HPQ has been the subject of a number of analyst reports. Wall Street Zen raised HP from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Citigroup raised their target price on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Barclays upped their price target on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Wells Fargo & Company increased their price target on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Finally, Morgan Stanley decreased their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $25.17.

HP Stock Down 1.4%

The company has a market capitalization of $29.02 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.70 and a beta of 1.18. The stock has a fifty day moving average price of $27.41 and a two-hundred day moving average price of $23.31.

HP (NYSE:HPQ) last announced its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.44 billion. During the same period in the previous year, the company posted $0.75 earnings per share. HP’s revenue was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, research analysts forecast that HP Inc. will post 3.23 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 45.80%.

Insider Transactions at HP

In other news, insider David McQuarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the transaction, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 52,620 shares of company stock worth $1,478,622. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HPQ. IHT Wealth Management LLC lifted its stake in HP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after buying an additional 398 shares during the last quarter. Vident Advisory LLC grew its stake in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HP by 10.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after buying an additional 467 shares in the last quarter. Vise Technologies Inc. increased its stake in shares of HP by 2.4% during the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock valued at $559,000 after acquiring an additional 477 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its position in HP by 0.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock worth $1,772,000 after purchasing an additional 491 shares during the period. 77.53% of the stock is currently owned by 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.