Hewlett-Packard Company Target of Unusually High Options Trading (HPQ)
Hewlett-Packard Company (NYSE:HPQ) was the recipient of some unusual options trading on Wednesday. Investors acquired 13,657 put options on the stock, American Banking & Market News reports. This is an increase of 101% compared to the average daily volume of 6,804 put options.
HPQ has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hewlett-Packard Company in a research note on Tuesday. Separately, analysts at Brean Capital raised their price target on shares of Hewlett-Packard Company from $34.00 to $40.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest upgraded shares of Hewlett-Packard Company from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $37.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Hewlett-Packard Company currently has an average rating of “Buy” and an average target price of $31.55.
Hewlett-Packard Company (NYSE:HPQ) traded down 0.85% on Wednesday, hitting $32.52. The stock had a trading volume of 10,258,043 shares. Hewlett-Packard Company has a 1-year low of $20.25 and a 1-year high of $33.90. The stock has a 50-day moving average of $32.54 and a 200-day moving average of $29.50. The company has a market cap of $61.629 billion and a P/E ratio of 12.01.
Hewlett-Packard Company (NYSE:HPQ) last announced its earnings results on Thursday, February 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.06. The company had revenue of $28.20 billion for the quarter, compared to the consensus estimate of $27.19 billion. Analysts expect that Hewlett-Packard Company will post $3.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, June 9th. This is an increase from Hewlett-Packard Company’s previous quarterly dividend of $0.15.
Hewlett-Packard Company (NYSE:HPQ) is a 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.
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