HP Inc. (NYSE:HPQ) Stock Position Lowered by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of HP Inc. (NYSE:HPQ) by 10.3% during the 4th quarter, according to the company in its most recent 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 period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HP were worth $44,493,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of HP in the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in HP during the fourth quarter valued at $31,000. OFI Invest Asset Management purchased a new stake in HP in the 4th quarter worth about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in HP during the 4th quarter worth about $50,000. Finally, Summit Securities Group LLC purchased a new position in HP during the 4th quarter valued at about $55,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on HPQ shares. TD Cowen decreased their price target on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein lifted their target price on shares of HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Barclays upped their price target on shares of HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company increased their price objective on HP from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, StockNews.com upgraded HP from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, HP has a consensus rating of “Hold” and a consensus target price of $36.14.

HP Price Performance

Shares of NYSE:HPQ opened at $22.58 on Friday. The stock has a market capitalization of $21.29 billion, a P/E ratio of 8.04, a P/E/G ratio of 2.96 and a beta of 1.09. The business has a 50-day moving average of $30.78 and a two-hundred day moving average of $33.72. HP Inc. has a fifty-two week low of $21.96 and a fifty-two week high of $39.80.

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

HP Announces Dividend

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

Insider Buying and Selling

In other news, insider Anneliese Olson sold 21,545 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now directly owns 169 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Liebman sold 15,646 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.00, for a total value of $453,734.00. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

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.