HP (NYSE:HPQ) Stock Price Down 4.8% – Here’s Why

HP Inc. (NYSE:HPQ) shares were down 4.8% on Thursday . The company traded as low as $23.01 and last traded at $23.2570. Approximately 3,476,786 shares changed hands during trading, a decline of 63% from the average daily volume of 9,437,315 shares. The stock had previously closed at $24.43.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HPQ shares. Barclays dropped their price objective on HP from $27.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. UBS Group set a $24.00 target price on HP in a research report on Wednesday, November 26th. The Goldman Sachs Group reduced their price objective on shares of HP from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Sanford C. Bernstein reissued a “market perform” rating on shares of HP in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. dropped their price objective on HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.69.

HP Trading Down 4.0%

The firm’s fifty day moving average price is $25.76 and its 200-day moving average price is $26.06. The company has a market cap of $21.52 billion, a P/E ratio of 8.84, a P/E/G ratio of 4.65 and a beta of 1.22.

HP (NYSE:HPQ) last released its earnings results on Tuesday, November 25th. The computer maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The business had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $14.50 billion. HP had a negative return on equity of 330.68% and a net margin of 4.57%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. 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, research analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from HP’s previous quarterly dividend of $0.29. HP’s dividend payout ratio is currently 45.28%.

Insider Transactions at HP

In other news, CEO Enrique Lores sold 41,922 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $26.00, for a total value of $1,089,972.00. Following the sale, the chief executive officer directly owned 141,456 shares in the company, valued at approximately $3,677,856. This represents a 22.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anneliese Olson sold 16,726 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total value of $415,306.58. Following the transaction, the insider owned 169 shares of the company’s stock, valued at $4,196.27. This trade represents a 99.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 111,084 shares of company stock worth $2,931,884. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HP

Several large investors have recently made changes to their positions in HPQ. State of Alaska Department of Revenue increased its position in HP by 36.0% during the second quarter. State of Alaska Department of Revenue now owns 286,760 shares of the computer maker’s stock worth $7,013,000 after acquiring an additional 75,895 shares during the period. LBP AM SA acquired a new stake in HP during the second quarter worth approximately $7,279,000. Jump Financial LLC bought a new position in HP during the 1st quarter worth $6,359,000. Resona Asset Management Co. Ltd. raised its holdings in HP by 6.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 319,243 shares of the computer maker’s stock valued at $7,825,000 after acquiring an additional 18,240 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in HP by 3.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 442,536 shares of the computer maker’s stock valued at $10,824,000 after acquiring an additional 13,686 shares in the last quarter. Institutional investors own 77.53% of the company’s stock.

About HP

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.