HP (NYSE:HPQ) Reaches New 12-Month Low – Time to Sell?

HP Inc. (NYSE:HPQ)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $20.64 and last traded at $20.6410, with a volume of 822062 shares. The stock had previously closed at $20.77.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HPQ. JPMorgan Chase & Co. lowered their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. UBS Group set a $24.00 target price on HP in a research report on Wednesday, November 26th. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group lowered shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 price objective on the stock. in a research note on Tuesday. Finally, Zacks Research downgraded shares of HP from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, HP presently has a consensus rating of “Hold” and an average target price of $25.46.

HP Trading Up 0.5%

The firm’s fifty day moving average price is $23.69 and its two-hundred day moving average price is $25.72. The stock has a market capitalization of $19.16 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 25th. The computer maker reported $0.93 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 company had revenue of $14.64 billion for the quarter, compared to analyst estimates of $14.50 billion. During the same quarter last year, the business earned $0.93 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.200 EPS and its Q1 2026 guidance at 0.730-0.810 EPS. As a group, sell-side analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.20 annualized dividend and a dividend yield of 5.7%. This is a boost from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio (DPR) is presently 45.28%.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 18,154 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $27.88, for a total transaction of $506,133.52. Following the transaction, the insider owned 169 shares in the company, valued at approximately $4,711.72. This represents a 99.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ketan M. Patel sold 33,321 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the sale, the insider owned 34,572 shares of the company’s stock, valued at $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HP

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westfuller Advisors LLC purchased a new stake in shares of HP during the third quarter worth $28,000. Laurel Wealth Advisors LLC increased its holdings in HP by 2,346.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after purchasing an additional 1,009 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in HP in the 2nd quarter valued at about $27,000. Caitlin John LLC purchased a new position in shares of HP in the 3rd quarter valued at about $30,000. Finally, Corsicana & Co. purchased a new position in shares of HP in the 3rd quarter valued at about $33,000. 77.53% of the stock is owned by hedge funds and other 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.