Hewlett-Packard Company (HPQ) Plans Quarterly Dividend of $0.12
Hewlett-Packard Company (NYSE:HPQ) declared a quarterly dividend on Wednesday, January 27th, AnalystRatingsNetwork.com reports. Stockholders of record on Wednesday, March 9th will be given a dividend of 0.124 per share by the computer maker on Wednesday, April 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.15%.
Shares of Hewlett-Packard Company (NYSE:HPQ) traded up 0.52% on Wednesday, hitting $9.69. The company’s stock had a trading volume of 1,052,568 shares. The company has a 50 day moving average of $11.20 and a 200 day moving average of $12.55. Hewlett-Packard Company has a 1-year low of $9.24 and a 1-year high of $17.65. The firm has a market cap of $17.36 billion and a PE ratio of 3.91.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data on Tuesday, November 24th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.49. The business earned $25.71 billion during the quarter, compared to the consensus estimate of $12.84 billion. During the same period last year, the company earned $1.06 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts forecast that Hewlett-Packard Company will post $1.77 EPS for the current year.
A number of equities analysts have recently weighed in on HPQ shares. Pacific Crest reiterated a “” rating on shares of Hewlett-Packard Company in a report on Friday, November 27th. Vetr upgraded Hewlett-Packard Company from a “sell” rating to a “buy” rating and set a $29.20 price target for the company in a report on Tuesday, October 27th. Deutsche Bank restated a “buy” rating and set a $40.00 target price (down from $45.00) on shares of Hewlett-Packard Company in a report on Monday, October 12th. Needham & Company LLC started coverage on Hewlett-Packard Company in a report on Monday, November 2nd. They set a “buy” rating and a $14.50 target price for the company. Finally, Monness Crespi & Hardt started coverage on Hewlett-Packard Company in a report on Monday, November 2nd. They set a “buy” rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hewlett-Packard Company has an average rating of “Hold” and a consensus target price of $22.41.
In other Hewlett-Packard Company news, Director Rajiv Gupta acquired 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 2nd. The stock was acquired at an average cost of $12.00 per share, with a total value of $960,000.00. Following the acquisition, the director now directly owns 105,766 shares of the company’s stock, valued at approximately $1,269,192. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
HP INC, formerly Hewlett-Packard Company (NYSE:HPQ), is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The Company offers IT industry’s broadest portfolios of products and services that bring infrastructure, software, and services through innovation to enable its customers to create value and solve business problems. The Company designs its solutions to provide foundation, in the areas of security, cloud, mobility and big data, by leveraging the breadth of its offerings and the strengths and capabilities of its individual business units. The Company’s operations are organized into seven business segments: Personal Systems; Printing; the Enterprise Group (EG); Enterprise Services (ES); Software; HP Financial Services (HPFS), and Corporate Investments.
Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).
Receive News & Ratings for Hewlett-Packard Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hewlett-Packard Company and related companies with MarketBeat.com's FREE daily email newsletter.






