Hewlett-Packard Co. (NYSE:HPQ) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $16.12 price objective on the computer maker’s stock. Vetr‘s price target points to a potential upside of 10.87% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Mizuho reaffirmed a “neutral” rating and set a $12.00 price objective on shares of Hewlett-Packard in a research note on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Hewlett-Packard in a research note on Thursday, May 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective on shares of Hewlett-Packard in a research note on Tuesday, June 28th. Citigroup Inc. reaffirmed a “hold” rating on shares of Hewlett-Packard in a research note on Sunday, May 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price objective (up from $15.00) on shares of Hewlett-Packard in a research note on Friday, August 26th. Eighteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.76.

Shares of Hewlett-Packard (NYSE:HPQ) opened at 14.54 on Monday. The company has a market cap of $24.88 billion, a PE ratio of 7.74 and a beta of 1.59. Hewlett-Packard has a one year low of $8.91 and a one year high of $14.82. The company’s 50-day moving average price is $14.39 and its 200 day moving average price is $13.05.

Hewlett-Packard (NYSE:HPQ) last posted its earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The business had revenue of $11.89 billion for the quarter, compared to analysts’ expectations of $11.44 billion. Hewlett-Packard had a net margin of 5.41% and a return on equity of 106.26%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities analysts forecast that Hewlett-Packard will post $1.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.124 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, September 12th. Hewlett-Packard’s dividend payout ratio is presently 26.74%.

In other Hewlett-Packard news, insider Tracy S. Keogh sold 100,000 shares of Hewlett-Packard stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the insider now owns 213,582 shares in the company, valued at approximately $3,096,939. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marie Myers sold 10,269 shares of Hewlett-Packard stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $14.55, for a total transaction of $149,413.95. Following the completion of the sale, the insider now owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Hewlett-Packard by 0.3% in the second quarter. IFP Advisors Inc now owns 22,658 shares of the computer maker’s stock valued at $284,000 after buying an additional 72 shares during the last quarter. Thompson Investment Management Inc. boosted its position in shares of Hewlett-Packard by 0.3% in the second quarter. Thompson Investment Management Inc. now owns 40,620 shares of the computer maker’s stock valued at $510,000 after buying an additional 120 shares during the last quarter. Wealthsource Partners LLC boosted its position in shares of Hewlett-Packard by 15.5% in the second quarter. Wealthsource Partners LLC now owns 16,390 shares of the computer maker’s stock valued at $206,000 after buying an additional 2,196 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Hewlett-Packard by 25.1% in the second quarter. Cullen Frost Bankers Inc. now owns 13,710 shares of the computer maker’s stock valued at $172,000 after buying an additional 2,755 shares during the last quarter. Finally, Wealthfront Inc. boosted its position in shares of Hewlett-Packard by 27.2% in the second quarter. Wealthfront Inc. now owns 17,036 shares of the computer maker’s stock valued at $214,000 after buying an additional 3,638 shares during the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

About Hewlett-Packard

HP Inc, formerly Hewlett-Packard Company, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.

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To view Vetr’s full report, visit Vetr’s official website.

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