Investors Sell Shares of Hewlett-Packard Co. (HPQ) on Strength (HPQ)
Traders sold shares of Hewlett-Packard Co. (NYSE:HPQ) on strength during trading 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 equities 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
A number of equities analysts have weighed in on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Hewlett-Packard in a research report on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating on shares of Hewlett-Packard in a research report on Sunday, July 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of Hewlett-Packard in a research report on Tuesday, June 28th. Barclays PLC reaffirmed a “hold” rating on shares of Hewlett-Packard in a research report on Wednesday, June 22nd. Finally, Brean Capital reaffirmed a “buy” rating on shares of Hewlett-Packard in a research report on Wednesday, June 22nd. Nineteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.52.
The company has a 50-day moving average price of $13.09 and a 200-day moving average price of $11.72. The company has a market cap of $23.69 billion and a P/E ratio of 7.27.
Hewlett-Packard (NYSE:HPQ) last released its quarterly earnings data on Wednesday, May 25th. The computer maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $11.73 billion. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. On average, equities research analysts predict 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. Shareholders 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 other Hewlett-Packard news, insider Tracy S. Keogh sold 200,000 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $13.14, for a total value of $2,628,000.00. Following the transaction, the insider now directly owns 313,582 shares in the company, valued at approximately $4,120,467.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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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