HP (NYSE:HPQ) Reaches New 12-Month High – Here’s Why

Posted by Francis Steltz on Aug 7th, 2026

HP Inc. (NYSE:HPQ – Get Free Report)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $29.87 and last traded at $29.8950, with a volume of 8640687 shares traded. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on HP from $16.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, May 28th. UBS Group raised their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Thursday, May 28th. Morgan Stanley increased their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $23.33.

Check Out Our Latest Stock Analysis on HPQ

HP Price Performance

The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 4.81 and a beta of 1.17. The company’s fifty day moving average price is $24.94 and its 200-day moving average price is $21.62.

HP (NYSE:HPQ – Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, sell-side analysts forecast that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s dividend payout ratio is currently 44.28%.

Insiders Place Their Bets

In related news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $27.88, for a total value of $293,409.12. Following the completion of the sale, the insider owned 71,152 shares of the company’s stock, valued at approximately $1,983,717.76. This represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 31,572 shares of company stock valued at $847,603. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On HP

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of HP during the second quarter worth about $2,357,757,000. DNB Asset Management AS raised its holdings in HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after acquiring an additional 7,498,202 shares in the last quarter. Norges Bank purchased a new position in HP in the fourth quarter worth approximately $149,309,000. Deutsche Bank AG acquired a new position in HP during the 2nd quarter worth approximately $140,172,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of HP by 186.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

HP Company Profile

(Get Free Report)

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.