Hewlett-Packard Co. (HPQ) Short Interest Up 21.7% in September
Hewlett-Packard Co. (NYSE:HPQ) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 26,154,845 shares, a growth of 21.7% from the August 31st total of 21,493,698 shares. Based on an average trading volume of 11,183,591 shares, the short-interest ratio is presently 2.3 days. Approximately 1.5% of the shares of the company are short sold.
In other Hewlett-Packard news, insider Marie Myers sold 10,269 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $14.55, for a total value of $149,413.95. Following the sale, the insider now owns 22,390 shares of the company’s stock, valued at approximately $325,774.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the insider now directly owns 213,582 shares in the company, valued at approximately $3,096,939. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. 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 during the period. Wealthsource Partners LLC bought a new position in shares of Hewlett-Packard during the first quarter valued at about $175,000. Wealthfront Inc. raised its position in shares of 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 raised its position in shares of 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 position in shares of Hewlett-Packard during the second quarter valued at about $429,000. 78.54% of the stock is currently owned by institutional investors.
Hewlett-Packard (NYSE:HPQ) opened at 15.53 on Friday. The firm has a market capitalization of $26.57 billion, a PE ratio of 8.27 and a beta of 1.59. The stock’s 50 day moving average price is $14.63 and its 200 day moving average price is $13.24. Hewlett-Packard has a 52-week low of $8.91 and a 52-week high of $15.73.
Hewlett-Packard (NYSE:HPQ) last released its quarterly earnings data on Wednesday, August 24th. The computer maker reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Hewlett-Packard had a return on equity of 106.26% and a net margin of 5.41%. The company had revenue of $11.89 billion for the quarter, compared to the consensus estimate of $11.44 billion. During the same quarter last year, the business posted $0.88 EPS. Hewlett-Packard’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that Hewlett-Packard will post $1.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 14th will be issued a dividend of $0.124 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, September 12th. Hewlett-Packard’s dividend payout ratio (DPR) is 26.74%.
A number of analysts have issued reports on the company. FBN Securities reaffirmed a “sector perform” rating on shares of Hewlett-Packard in a report on Thursday, September 8th. Jefferies Group reaffirmed a “buy” rating and issued a $16.75 target price on shares of Hewlett-Packard in a report on Wednesday, September 7th. Vetr lowered Hewlett-Packard from a “strong-buy” rating to a “buy” rating and set a $16.12 target price on the stock. in a report on Monday, September 19th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $14.00 target price on shares of Hewlett-Packard in a report on Tuesday, September 13th. Finally, Brean Capital reaffirmed a “buy” rating and issued a $18.00 target price on shares of Hewlett-Packard in a report on Tuesday, September 13th. Eighteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Hewlett-Packard presently has an average rating of “Hold” and an average price target of $14.76.
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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