1 week Ago By ABMN Staff
HP ( NYSE:HPQ – Free Report ) had its price target boosted by Sanford C. Bernstein from $32.00 to $34.
00 in a research report released on Friday, Benzinga reports. Sanford C. Bernstein currently has a market perform rating on the computer maker’s stock.
Several other brokerages have also commented on HPQ. Bank of America lowered HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company.
in a report on Friday, September 27th. HSBC cut shares of HP from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $38.
00 in a research note on Friday, November 29th. Citigroup lowered their price objective on shares of HP from $37.00 to $36.
50 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Hsbc Global Res lowered shares of HP from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Loop Capital reduced their target price on HP from $37.
00 to $35.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company.
According to data from MarketBeat, HP presently has an average rating of “Hold” and a consensus target price of $36.23. Get Our Latest Analysis on HPQ HP Trading Up 2.
1 % HP ( NYSE:HPQ – Get Free Report ) last issued its quarterly earnings data on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.
93. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.
99 billion. HP had a negative return on equity of 253.39% and a net margin of 5.
18%. The firm’s revenue was up 1.7% compared to the same quarter last year.
During the same quarter last year, the business posted $0.90 earnings per share. Research analysts forecast that HP will post 3.
56 earnings per share for the current year. HP Increases Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th were issued a dividend of $0.
2894 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This is a boost from HP’s previous quarterly dividend of $0.
28. This represents a $1.16 annualized dividend and a yield of 3.
49%. HP’s dividend payout ratio is currently 40.93%.
Insiders Place Their Bets In other HP news, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $34.32, for a total value of $353,427.
36. Following the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,219,680.32.
This trade represents a 13.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, CEO Enrique Lores sold 137,094 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.45, for a total transaction of $4,997,076.
30. Following the transaction, the chief executive officer now directly owns 89,272 shares of the company’s stock, valued at approximately $3,253,964.40.
This trade represents a 60.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold 273,035 shares of company stock valued at $9,670,068 in the last ninety days. Company insiders own 0.41% of the company’s stock.
Hedge Funds Weigh In On HP A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Chris Bulman Inc bought a new stake in HP in the second quarter valued at $88,000. Principal Financial Group Inc.
boosted its stake in shares of HP by 16.1% during the 3rd quarter. Principal Financial Group Inc.
now owns 1,153,924 shares of the computer maker’s stock valued at $41,391,000 after purchasing an additional 160,268 shares in the last quarter. Tidal Investments LLC increased its position in shares of HP by 47.5% during the third quarter.
Tidal Investments LLC now owns 146,608 shares of the computer maker’s stock valued at $5,259,000 after buying an additional 47,230 shares during the period. MML Investors Services LLC raised its stake in HP by 35.0% in the third quarter.
MML Investors Services LLC now owns 62,523 shares of the computer maker’s stock worth $2,243,000 after buying an additional 16,207 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in HP by 25.
2% in the third quarter. Franklin Resources Inc. now owns 1,007,270 shares of the computer maker’s stock worth $37,712,000 after buying an additional 202,613 shares during the period.
Institutional investors own 77.53% of the company’s stock. About HP ( Get Free Report ) HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide.
It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets. Featured Articles Receive News & Ratings for HP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HP and related companies with MarketBeat.
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