Hewlett-Packard Co. (NYSE:HPQ) insider Tracy S. Keogh sold 100,000 shares of Hewlett-Packard stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $15.00, for a total transaction of $1,500,000.00. Following the transaction, the insider now directly owns 213,582 shares in the company, valued at approximately $3,203,730. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Hewlett-Packard Co. (NYSE:HPQ) opened at 15.09 on Friday. The company has a market capitalization of $25.82 billion, a P/E ratio of 8.04 and a beta of 1.59. The company has a 50-day moving average of $14.47 and a 200-day moving average of $13.10. Hewlett-Packard Co. has a 1-year low of $8.91 and a 1-year high of $15.19.
Hewlett-Packard (NYSE:HPQ) last released its earnings results on Wednesday, August 24th. The computer maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.44 billion. Hewlett-Packard had a net margin of 5.41% and a return on equity of 106.26%. Hewlett-Packard’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. Equities analysts expect that Hewlett-Packard Co. 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. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.124 per share. This represents a $0.50 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Monday, September 12th. Hewlett-Packard’s dividend payout ratio is presently 26.74%.
Several equities analysts have commented on HPQ shares. Needham & Company LLC reissued a “hold” rating on shares of Hewlett-Packard in a research report on Sunday, May 29th. Citigroup Inc. reaffirmed a “hold” rating on shares of Hewlett-Packard in a report on Sunday, May 29th. Atlantic Securities reaffirmed a “buy” rating on shares of Hewlett-Packard in a report on Sunday, May 29th. Brean Capital reaffirmed a “buy” rating on shares of Hewlett-Packard in a report on Monday, June 6th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $13.50 price target (up previously from $13.00) on shares of Hewlett-Packard in a report on Tuesday, June 7th. Eighteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Hewlett-Packard currently has a consensus rating of “Hold” and a consensus price target of $14.76.
A number of hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its stake in 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 in the last quarter. Wealthsource Partners LLC bought a new stake in Hewlett-Packard during the first quarter valued at $175,000. Wealthfront Inc. increased its stake in 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 in the last quarter. IFP Advisors Inc increased its stake in 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 in the last quarter. Finally, Strategic Wealth Advisors Group LLC bought a new stake in Hewlett-Packard during the second quarter valued at $429,000. 78.54% of the stock is currently owned by institutional investors.
Hewlett-Packard Company Profile
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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