5 High Yield Fortune 500 Stocks to Buy Now

4. HP Inc. (NYSE:HPQ)

Dividend Yield as of June 11: 4.86%

HP Inc. (NYSE:HPQ) provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.

On June 2, Goldman Sachs raised the firm’s price target on HP Inc. (NYSE:HPQ) from $16 to $19, but maintained its ‘Sell’ rating on the shares. The revised target, which still indicates a downside of over 23% from the current levels, comes following the tech company’s Q2 report on May 27.

The analyst firm remains cautious regarding HP’s outlook, citing the significant increases in the company’s input costs and the high competition in the PC market. According to Goldman, it is still uncertain if HP’s efforts to improve its product mix, price increases, and additional supply chain mitigation measures will be enough to offset the broader industry headwinds during the latter half of this year and throughout 2027.

HP Inc. (NYSE:HPQ) topped profit and revenue estimates in its Q1 report last month, supported by the robust ​demand for AI-optimized personal computers. However, the company warned that it expects the rising input costs to put increasing pressure on its operating margins, particularly in Personal Systems.