HP Inc. (NYSE:HPQ) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in HP Inc. (NYSE:HPQ) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,363,564 shares of the computer maker’s stock after selling 156,940 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.15% of HP worth $44,493,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in HP during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of HP during the 4th quarter valued at approximately $31,000. OFI Invest Asset Management bought a new position in HP during the fourth quarter worth $37,000. Wingate Wealth Advisors Inc. acquired a new position in HP in the fourth quarter worth $50,000. Finally, Summit Securities Group LLC bought a new stake in HP during the fourth quarter valued at $55,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

HP stock opened at $22.58 on Friday. HP Inc. has a 12-month low of $21.96 and a 12-month high of $39.80. The stock has a market capitalization of $21.29 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. The firm has a 50 day simple moving average of $30.78 and a 200-day simple moving average of $33.72.

HP (NYSE:HPQ) last issued its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $13.50 billion during the quarter, compared to analyst estimates of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. On average, analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Wednesday, March 12th. HP’s payout ratio is 41.37%.

Insider Activity

In related news, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the sale, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. This trade represents a 99.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephanie Liebman sold 15,646 shares of HP stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HPQ. TD Cowen reduced their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Barclays increased their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Sanford C. Bernstein upped their price objective on HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their target price on HP from $30.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Finally, Loop Capital lowered their price target on shares of HP from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, HP has an average rating of “Hold” and a consensus price target of $36.14.

About HP

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.