Hewlett-Packard Company (NYSE:HPQ) VP Jeff T. Ricci unloaded 3,729 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $29.97, for a total value of $111,758.13. Following the completion of the transaction, the vice president now directly owns 967 shares in the company, valued at approximately $28,981. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded down 0.60% on Wednesday, hitting $29.94. The stock had a trading volume of 6,509,614 shares. Hewlett-Packard Company has a 52 week low of $19.07 and a 52 week high of $30.71. The stock’s 50-day moving average is $29.35 and its 200-day moving average is $25.82. The company has a market cap of $57.096 billion and a price-to-earnings ratio of 11.03.
Hewlett-Packard Company (NYSE:HPQ) last released its earnings data on Thursday, February 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The company had revenue of $28.20 billion for the quarter, compared to the consensus estimate of $27.19 billion. Analysts expect that Hewlett-Packard Company will post $3.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.1452 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, March 10th.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard Company in a research note on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hewlett-Packard Company in a research note on Tuesday, February 25th. They now have a $31.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Hewlett-Packard Company from $21.00 to $37.00 in a research note on Monday, February 24th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company. Hewlett-Packard Company presently has a consensus rating of “Hold” and a consensus price target of $28.83.
Hewlett-Packard Company (NYSE:HPQ) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors.
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