HP (NYSE:HPQ) Hits New 1-Year Low – Here’s What Happened

HP Inc. (NYSE:HPQ)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $21.06 and last traded at $20.9980, with a volume of 5636431 shares traded. The stock had previously closed at $22.15.

Analyst Upgrades and Downgrades

HPQ has been the topic of several recent research reports. TD Cowen lowered their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. Citigroup lowered their price target on shares of HP from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Argus raised HP to a “strong-buy” rating in a report on Tuesday, December 2nd. Hsbc Global Res upgraded shares of HP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen lowered HP from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.69.

HP Stock Performance

The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 3.95 and a beta of 1.21. The firm’s 50-day moving average price is $24.14 and its two-hundred day moving average price is $25.81.

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

HP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from HP’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. HP’s dividend payout ratio is presently 45.28%.

Insider Activity at HP

In other HP news, insider Ketan M. Patel sold 33,321 shares of the firm’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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Anneliese Olson sold 16,726 shares of HP stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $24.83, for a total value of $415,306.58. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at approximately $4,196.27. This trade represents a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 110,123 shares of company stock worth $2,784,126. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HPQ. State of Alaska Department of Revenue lifted its position in HP by 36.0% in 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 purchasing an additional 75,895 shares during the period. LBP AM SA acquired a new stake in shares of HP in the second quarter valued at $7,279,000. Railway Pension Investments Ltd boosted its stake in HP by 6.1% during the third quarter. Railway Pension Investments Ltd now owns 1,600,015 shares of the computer maker’s stock valued at $43,568,000 after buying an additional 92,400 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in HP by 3,365.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,396,782 shares of the computer maker’s stock worth $38,034,000 after acquiring an additional 1,356,479 shares during the period. Finally, CWM LLC raised its position in HP by 340.4% in the third quarter. CWM LLC now owns 155,700 shares of the computer maker’s stock worth $4,240,000 after acquiring an additional 120,349 shares in the last quarter. 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.