UBS Group lowered shares of HP (NYSE:HPQ) from a buy rating to a neutral rating in a report published on Monday morning, BenzingaRatingsTable reports. They currently have $20.00 target price on the computer maker’s stock, down from their prior target price of $26.00.

HPQ has been the topic of a number of other reports. Citigroup set a $20.00 price target on shares of HP and gave the company a hold rating in a research report on Friday, August 23rd. Loop Capital set a $21.00 target price on shares of HP and gave the stock a buy rating in a research report on Friday, August 23rd. Wells Fargo & Co upgraded shares of HP to a market perform rating and reduced their target price for the stock from $23.00 to $20.00 in a research report on Friday, August 23rd. Evercore ISI started coverage on shares of HP in a research report on Wednesday, June 5th. They set an outperform rating and a $23.00 target price on the stock. Finally, Barclays reduced their target price on shares of HP from $21.00 to $20.00 and set an equal weight rating on the stock in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $21.76.

NYSE:HPQ opened at $18.71 on Monday. The firm has a market cap of $28.27 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 2.69 and a beta of 1.43. HP has a 12 month low of $17.10 and a 12 month high of $27.08. The company’s 50-day moving average price is $19.01 and its two-hundred day moving average price is $19.75.

HP (NYSE:HPQ) last released its quarterly earnings results on Thursday, August 22nd. The computer maker reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $14.60 billion for the quarter, compared to analyst estimates of $14.58 billion. HP had a net margin of 7.18% and a negative return on equity of 265.02%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Analysts expect that HP will post 2.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.42%. HP’s payout ratio is 31.68%.

In related news, CEO Dion J. Weisler sold 132,964 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $20.95, for a total transaction of $2,785,595.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dion J. Weisler sold 437,171 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.01, for a total transaction of $7,873,449.71. The disclosure for this sale can be found here. Insiders have sold 586,987 shares of company stock worth $11,009,736 over the last quarter. 0.28% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HPQ. Nuveen Asset Management LLC raised its stake in shares of HP by 645.3% during the second quarter. Nuveen Asset Management LLC now owns 7,674,530 shares of the computer maker’s stock worth $159,553,000 after buying an additional 6,644,860 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of HP by 44.2% during the first quarter. AQR Capital Management LLC now owns 18,796,913 shares of the computer maker’s stock worth $362,686,000 after buying an additional 5,761,703 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of HP by 43.3% during the first quarter. Great West Life Assurance Co. Can now owns 4,453,835 shares of the computer maker’s stock worth $86,294,000 after buying an additional 1,345,969 shares during the last quarter. Morgan Stanley raised its stake in shares of HP by 12.5% during the second quarter. Morgan Stanley now owns 10,247,972 shares of the computer maker’s stock worth $213,054,000 after buying an additional 1,142,355 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of HP by 151.4% during the first quarter. FIL Ltd now owns 1,823,533 shares of the computer maker’s stock worth $35,431,000 after buying an additional 1,098,323 shares during the last quarter. 79.72% of the stock is owned by institutional investors and hedge funds.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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