HP Inc. (NYSE:HPQ) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 29,526,370 shares, an increase of 24.8% from the October 31st total of 23,667,768 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 14,874,922 shares, the short-interest ratio is presently 2.0 days.

A number of analysts recently issued reports on HPQ shares. Credit Suisse Group AG reissued a “buy” rating and set a $19.00 price objective on shares of HP in a research report on Friday, August 12th. Royal Bank Of Canada lifted their price objective on HP from $12.00 to $14.00 and gave the company a “sector perform” rating in a research report on Monday, August 22nd. RBC Capital Markets reissued a “sector perform” rating and set a $14.00 price objective (up previously from $12.00) on shares of HP in a research report on Monday, August 22nd. Citigroup Inc. lifted their price objective on HP from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, August 25th. Finally, Jefferies Group lifted their price objective on HP from $16.00 to $16.75 and gave the company a “buy” rating in a research report on Thursday, August 25th. Fifteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. HP presently has an average rating of “Hold” and a consensus target price of $15.84.

In related news, insider Tracy S. Keogh sold 100,000 shares of HP stock in a transaction 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 completion of the sale, the insider now owns 213,582 shares of the company’s stock, valued at $3,203,730. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HPQ. Itau Unibanco Holding S.A. acquired a new position in shares of HP during the third quarter valued at approximately $106,000. FineMark National Bank & Trust boosted its position in shares of HP by 2.4% in the third quarter. FineMark National Bank & Trust now owns 7,027 shares of the computer maker’s stock valued at $109,000 after buying an additional 168 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in shares of HP during the third quarter valued at approximately $120,000. Acrospire Investment Management LLC boosted its position in shares of HP by 9.6% in the third quarter. Acrospire Investment Management LLC now owns 8,000 shares of the computer maker’s stock valued at $124,000 after buying an additional 700 shares in the last quarter. Finally, Cedar Wealth Management LLC boosted its position in shares of HP by 2.7% in the third quarter. Cedar Wealth Management LLC now owns 8,431 shares of the computer maker’s stock valued at $131,000 after buying an additional 220 shares in the last quarter. 76.75% of the stock is currently owned by institutional investors.

HP (NYSE:HPQ) opened at 15.15 on Wednesday. The firm has a market cap of $25.94 billion, a P/E ratio of 10.58 and a beta of 1.53. HP has a 12-month low of $8.91 and a 12-month high of $16.19. The firm’s 50-day moving average price is $14.91 and its 200 day moving average price is $14.11.

HP (NYSE:HPQ) last released its quarterly earnings results on Tuesday, November 22nd. The computer maker reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $12.50 billion for the quarter, compared to analysts’ expectations of $11.89 billion. HP had a net margin of 5.17% and a negative return on equity of 61.38%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Analysts forecast that HP will post $1.60 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 14th will be issued a $0.1327 dividend. This is a boost from HP’s previous quarterly dividend of $0.12. This represents a $0.53 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Monday, December 12th. HP’s dividend payout ratio is currently 35.21%.

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HP 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.

5 Day Chart for NYSE:HPQ

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