Hewlett-Packard Co. (NYSE:HPQ) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $16.12 price target on the computer maker’s stock. Vetr‘s price target suggests a potential upside of 10.87% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Credit Suisse Group AG reiterated a “buy” rating and set a $19.00 price objective on shares of Hewlett-Packard in a research report on Wednesday, June 22nd. Brean Capital reiterated a “buy” rating on shares of Hewlett-Packard in a research report on Thursday, May 26th. Deutsche Bank AG reiterated a “buy” rating and set a $13.00 price objective on shares of Hewlett-Packard in a research report on Thursday, May 26th. Atlantic Securities reiterated a “buy” rating on shares of Hewlett-Packard in a research report on Sunday, May 29th. Finally, Jefferies Group reiterated a “buy” rating and set a $14.50 price objective on shares of Hewlett-Packard in a research report on Thursday, June 23rd. Eighteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.76.

Hewlett-Packard (NYSE:HPQ) opened at 14.54 on Monday. The company has a market cap of $24.88 billion, a P/E ratio of 7.74 and a beta of 1.59. The stock’s 50 day moving average price is $14.39 and its 200-day moving average price is $13.05. Hewlett-Packard has a 52-week low of $8.91 and a 52-week high of $14.82.

Hewlett-Packard (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, August 24th. The computer maker reported $0.48 EPS for the quarter, topping the Zacks’ 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 firm 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 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that Hewlett-Packard will post $1.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Wednesday, September 14th will be issued a $0.124 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, September 12th. Hewlett-Packard’s dividend payout ratio is currently 26.74%.

In related news, insider Tracy S. Keogh sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the sale, the insider now owns 213,582 shares in the company, valued at approximately $3,096,939. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marie Myers sold 10,269 shares of the company’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 completion of the sale, the insider now owns 22,390 shares in the company, valued at approximately $325,774.50. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in Hewlett-Packard during the second quarter worth $26,430,000. Geode Capital Management LLC boosted its stake in shares of Hewlett-Packard by 5.6% in the first quarter. Geode Capital Management LLC now owns 15,103,402 shares of the computer maker’s stock worth $185,720,000 after buying an additional 799,445 shares during the period. PineBridge Investments L.P. boosted its stake in shares of Hewlett-Packard by 333.7% in the second quarter. PineBridge Investments L.P. now owns 414,298 shares of the computer maker’s stock worth $5,199,000 after buying an additional 318,772 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Hewlett-Packard by 21.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,459,365 shares of the computer maker’s stock worth $18,315,000 after buying an additional 261,510 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Hewlett-Packard by 90.4% in the second quarter. Victory Capital Management Inc. now owns 293,655 shares of the computer maker’s stock worth $3,686,000 after buying an additional 139,443 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Hewlett-Packard 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

To view Vetr’s full report, visit Vetr’s official website.

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