E Daily Stock Pick: HP Inc

This week, I'm looking for the fifth technology representative of six for my Ivy portfolio.

The technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health and information technology and services to internet, scientific instruments, software, solar and all such technological enterprises.

Today I'm reviewing a large-cap computer systems company named HP Inc. Their trading ticker symbol is HPQ.

  • HP Inc. is a leading provider of computers, printers, and printer supplies. The company's two operating business segments are its personal systems, containing notebooks, desktops, and workstations and its printing segment which contains supplies, consumer hardware, and commercial hardware.
  • In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise. The Palo Alto, California based company sells on a global scale with 63% of fiscal 2017 revenue derived from outside the United States.
  • HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

I use three key data points to gauge HP Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest.

Those first three primary keys, however, best tell whether a company has made, is making, and will make money.

HPQ Price

HP's price per share closed at $19.92 yesterday. A year ago its price was $23.62. Price fell $4.60 or almost  19.5% in the past year.

Assuming HP's stock trades in the range of $17.50 to $25.00 this year, HP's recent $19.92 price could rise by $2.08 and go to $22.00 by early-June, 2020.

HPQ Dividends

HP's most recent quarterly dividend was $0.1602 declared May 15th and payable July 3rd.

That $0.1602 Q payout produces an annual payout of $0.64 per year and a resultant yield of 3.22% based on yesterday's $19.92 closing price.

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