HP (NYSE:HPQ) Hits New 12-Month Low – Here’s What Happened

HP Inc. (NYSE:HPQ) reached a new 52-week low during trading on Thursday . The stock traded as low as $18.25 and last traded at $18.3650, with a volume of 17972008 shares changing hands. The stock had previously closed at $18.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen cut HP from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Morgan Stanley dropped their price objective on shares of HP from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 26th. Zacks Research cut shares of HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Argus raised shares of HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group cut shares of HP from a “neutral” rating to a “sell” rating and set a $21.00 price target on the stock. in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP currently has an average rating of “Reduce” and a consensus price target of $24.15.

HP Stock Performance

The company’s 50 day moving average price is $21.13 and its 200-day moving average price is $24.70. The stock has a market cap of $16.86 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.29 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 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm 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. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s dividend payout ratio (DPR) is presently 45.28%.

Insiders Place Their Bets

In other HP news, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction 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 approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This represents a 49.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 91,969 shares of company stock valued at $2,277,993. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPQ. Vanguard Group Inc. increased its stake in shares of HP by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 132,094,388 shares of the computer maker’s stock worth $2,943,063,000 after purchasing an additional 2,435,634 shares during the last quarter. State Street Corp lifted its stake in HP by 5.3% in the third quarter. State Street Corp now owns 52,703,639 shares of the computer maker’s stock valued at $1,450,245,000 after purchasing an additional 2,651,623 shares during the last quarter. Dodge & Cox grew its holdings in HP by 4.6% during the second quarter. Dodge & Cox now owns 34,943,498 shares of the computer maker’s stock valued at $854,718,000 after purchasing an additional 1,537,945 shares during the period. Geode Capital Management LLC increased its position in HP by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 27,313,924 shares of the computer maker’s stock worth $607,373,000 after buying an additional 274,033 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of HP by 50.2% in the fourth quarter. AQR Capital Management LLC now owns 13,582,142 shares of the computer maker’s stock valued at $302,610,000 after buying an additional 4,542,339 shares during the period. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

About HP

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.