Grantham Mayo Van Otterloo & Co. LLC Decreases Holdings in HP Inc. $HPQ

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in HP Inc. (NYSE:HPQ) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,040,679 shares of the computer maker’s stock after selling 122,034 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in HP were worth $28,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its holdings in shares of HP by 2,346.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,052 shares of the computer maker’s stock worth $26,000 after acquiring an additional 1,009 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in HP during the 2nd quarter valued at about $27,000. Westfuller Advisors LLC bought a new position in HP during the 3rd quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its position in HP by 72.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,220 shares of the computer maker’s stock worth $30,000 after purchasing an additional 512 shares during the period. Finally, Caitlin John LLC purchased a new stake in HP in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In related news, insider Ketan M. Patel sold 33,321 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 34,572 shares of the company’s stock, valued at $801,724.68. This represents a 49.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anneliese Olson sold 16,726 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $24.83, for a total transaction of $415,306.58. Following the transaction, the insider owned 169 shares in the company, valued at approximately $4,196.27. The trade was a 99.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Argus upgraded HP to a “strong-buy” rating in a research report on Tuesday, December 2nd. Zacks Research downgraded HP from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. JPMorgan Chase & Co. decreased their price target on HP from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Wells Fargo & Company cut their price objective on HP from $25.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 25th. Finally, Barclays reduced their target price on HP from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $21.58.

HP Stock Performance

Shares of NYSE:HPQ opened at $19.45 on Monday. The firm’s 50 day simple moving average is $19.91 and its 200-day simple moving average is $24.07. HP Inc. has a one year low of $17.56 and a one year high of $30.61. The firm has a market cap 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 (NYSE:HPQ) last announced its quarterly earnings results on Tuesday, February 24th. The computer maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.44 billion during the quarter, compared to analyst estimates of $13.87 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. HP’s quarterly revenue was up 6.9% on a year-over-year basis. HP has set its Q2 2026 guidance at 0.700-0.760 EPS. Equities research analysts predict that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

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

HP Profile

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.