Grantham Mayo Van Otterloo & Co. LLC Trims Stake in HP Inc. $HPQ

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in HP Inc. (NYSE:HPQ) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,040,679 shares of the computer maker’s stock after selling 122,034 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.11% of HP worth $28,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Munich Reinsurance Co Stock Corp in Munich bought a new stake in HP during the third quarter valued at about $5,836,000. HUB Investment Partners LLC raised its stake in shares of HP by 10.8% in the third quarter. HUB Investment Partners LLC now owns 10,567 shares of the computer maker’s stock worth $288,000 after buying an additional 1,028 shares during the period. Neuberger Berman Group LLC raised its stake in shares of HP by 3.1% in the third quarter. Neuberger Berman Group LLC now owns 239,660 shares of the computer maker’s stock worth $6,526,000 after buying an additional 7,136 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of HP during the 3rd quarter valued at about $272,000. Finally, Barclays PLC lifted its position in shares of HP by 14.9% during the 3rd quarter. Barclays PLC now owns 2,795,151 shares of the computer maker’s stock valued at $76,112,000 after buying an additional 362,843 shares in the last quarter. 77.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ketan M. Patel sold 33,321 shares of the firm’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $23.19, for a total value of $772,713.99. Following the completion of the transaction, the insider directly owned 34,572 shares of the company’s stock, valued at approximately $801,724.68. This trade represents a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 16,726 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the completion of the sale, the insider owned 169 shares in the company, valued at $4,196.27. This represents a 99.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HPQ. Argus raised shares of HP to a “strong-buy” rating in a report on Tuesday, December 2nd. TD Cowen lowered their price target on shares of HP from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group dropped their price target on shares of HP from $21.00 to $16.00 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Barclays decreased their price objective on shares of HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of HP from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $21.58.

HP Trading Up 0.6%

Shares of HPQ opened at $19.45 on Monday. The business’s 50 day moving average is $19.91 and its 200 day moving average is $24.07. The company has a market capitalization of $17.79 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 5.40 and a beta of 1.18. HP Inc. has a 12-month low of $17.56 and a 12-month high of $30.61.

HP (NYSE:HPQ) last posted its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. HP had a negative return on equity of 367.41% and a net margin of 4.46%.The company had revenue of $14.44 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same period in the previous year, the firm earned $0.74 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities research analysts predict that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, March 11th. HP’s payout ratio is 45.45%.

About HP

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett?Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.