Investors Sell Hewlett-Packard Co. (HPQ) on Strength (HPQ)
Traders sold shares of Hewlett-Packard Co. (NYSE:HPQ) on strength during trading hours on Friday. $11.66 million flowed into the stock on the tick-up and $32.31 million flowed out of the stock on the tick-down, for a money net flow of $20.65 million out of the stock. Of all stocks tracked, Hewlett-Packard had the 0th highest net out-flow for the day. Hewlett-Packard traded up $0.05 for the day and closed at $13.85
Several research analysts recently weighed in on HPQ shares. Brean Capital reaffirmed a “buy” rating on shares of Hewlett-Packard in a research report on Wednesday, June 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Hewlett-Packard in a research report on Tuesday, June 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Hewlett-Packard in a research report on Sunday, May 29th. Barclays PLC reaffirmed a “hold” rating on shares of Hewlett-Packard in a research report on Wednesday, June 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Hewlett-Packard in a research report on Thursday, June 23rd. Nineteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.52.
The firm has a market cap of $23.69 billion and a PE ratio of 7.27. The stock has a 50-day moving average of $13.09 and a 200-day moving average of $11.72.
Hewlett-Packard (NYSE:HPQ) last posted its earnings results on Wednesday, May 25th. The computer maker reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. During the same period in the previous year, the firm earned $0.87 EPS. The business earned $11.59 billion during the quarter, compared to the consensus estimate of $11.73 billion. The business’s revenue was down 10.7% compared to the same quarter last year. Equities research analysts forecast that Hewlett-Packard Co. will post $1.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Investors of record on Wednesday, June 8th were paid a $0.124 dividend. The ex-dividend date was Monday, June 6th. This represents a $0.50 dividend on an annualized basis and a yield of 3.58%.
In related news, insider Tracy S. Keogh sold 200,000 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $13.14, for a total value of $2,628,000.00. Following the sale, the insider now owns 313,582 shares of the company’s stock, valued at $4,120,467.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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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