Analysts forecast earnings per share of $0.45, down exactly $0.43 or 48.86% from 2014’s $0.88 EPS. 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 in the last quarter.
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Shares of Hewlett-Packard (NYSE:HPQ) traded down 0.381% during mid-day trading on Monday, hitting $14.365. Finally, Zebra Capital Management LLC boosted its stake in shares of Hewlett-Packard by 206.5% in the first quarter.
In other HP news, insider Tracy S. Keogh sold 200,000 shares of the stock in a transaction that occurred on Friday, May 27th.
In a different news, on Dec 2, 2015, Rajesh Kalathur (Senior Vice President & CFO) sold 4,366 shares at $79.52 per share price. On Jun 30, 2015, Max A Guinn (President, WW C&F, Lbr Rltns) sold 14,374 shares at $97.32 per share price, according to the Form-4 filing with the securities and exchange commission. Also, insider Tracy S. Keogh sold 100,000 shares of the business’s stock in a transaction on Tuesday, July 19th. Following the sale, the insider now directly owns 213,582 shares of the company’s stock, valued at $3,096,939. Company has a market cap of $27,441 M.
The stock price demonstrated downbeat change from its 50 day moving average of 20.60 and had been up from its 200 Day Moving Average of 17.61.
For the current quarter, Wall Street is looking for HP to earn 41 cents a share excluding items on sales of $11.8 billion.
During the 52-week period, the peak price level of the share was observed at $26.59; this is higher price of share and down price level of the share was seen at $7.12; this is lower price at which share is traded. During the same period past year, the business posted $0.87 earnings per share. For the very reason, RBC Capital has maintained sector perform rating for HP and has raised the price target to $14 from $12.
During last one month it showed the change of 10.78%.
The number of shares Hewlett-Packard now has in issue is 1,710,606,000, which have a value of 14.42 per share calculating Hewlett-Packard’s market capitalisation to 24.67B Dollars.
Investor focus will be on HP’s printer business, where the company gets about 80% of its profit, UBS analyst Steven Milunovich said in a research report last week.
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RBC Capital has raised its price target for HP Inc. Shareholders of record on Wednesday, September 14th will be paid a $0.124 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.45%. Now shares have been rated as “Buy” from 2 Analysts. Barclays PLC reaffirmed a “hold” rating on shares of Hewlett-Packard in a research note on Wednesday, June 22nd. The stock has a consensus analyst price target of $14.85for twelve month. The Firm operates in seven business divisions: Personal Systems, Printing, the Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments.
