HP Inc. (NYSE:HPQ) issued its earnings results on Tuesday. The computer maker reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business earned $12.50 billion during the quarter, compared to analysts’ expectations of $11.89 billion. HP had a return on equity of 106.26% and a net margin of 5.41%. HP’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. HP updated its Q1 guidance to $0.35-0.38 EPS and its FY17 guidance to $1.55-1.65 EPS.

HP (NYSE:HPQ) opened at 15.95 on Wednesday. The company has a market cap of $27.29 billion, a PE ratio of 8.49 and a beta of 1.53. HP has a 52-week low of $8.91 and a 52-week high of $16.19. The company has a 50-day moving average of $14.99 and a 200 day moving average of $13.99.

Earnings History for HP (NYSE:HPQ)

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Wednesday, December 14th will be given a $0.1327 dividend. This represents a $0.53 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.12. HP’s payout ratio is 26.74%.

In other news, insider Tracy S. Keogh sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were 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 of the company’s stock, valued at $3,203,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $149,413.95. Following the transaction, the insider now directly owns 22,390 shares in the company, valued at $325,774.50. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HPQ. American International Group Inc. boosted its position in shares of HP by 5.0% in the third quarter. American International Group Inc. now owns 32,897,063 shares of the computer maker’s stock valued at $510,891,000 after buying an additional 1,561,329 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of HP by 9.2% in the third quarter. Bank of New York Mellon Corp now owns 28,494,223 shares of the computer maker’s stock valued at $442,517,000 after buying an additional 2,403,888 shares in the last quarter. Northern Trust Corp boosted its position in shares of HP by 1.6% in the third quarter. Northern Trust Corp now owns 21,870,150 shares of the computer maker’s stock valued at $339,644,000 after buying an additional 350,310 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of HP by 4.6% in the third quarter. BlackRock Fund Advisors now owns 21,674,708 shares of the computer maker’s stock valued at $336,608,000 after buying an additional 952,392 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of HP by 28.8% in the third quarter. Wells Fargo & Company MN now owns 11,681,887 shares of the computer maker’s stock valued at $181,420,000 after buying an additional 2,614,757 shares in the last quarter. 79.49% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on HPQ. Vetr cut HP from a “strong-buy” rating to a “buy” rating and set a $17.76 target price for the company. in a research report on Monday. RBC Capital Markets reiterated a “sector perform” rating and set a $16.00 price objective on shares of HP in a report on Friday, October 21st. Mizuho increased their price objective on HP from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, October 14th. Citigroup Inc. increased their price objective on HP from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, October 10th. Finally, Deutsche Bank AG increased their price objective on HP from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.48.

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About HP

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.

5 Day Chart for NYSE:HPQ

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