Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in HP Inc. (NYSE:HPQ - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 owned about 0.15% of HP worth $44,493,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of HPQ. Synergy Asset Management LLC purchased a new stake in HP during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of HP during the fourth quarter worth approximately $31,000. OFI Invest Asset Management purchased a new position in HP in the fourth quarter worth approximately $37,000. Wingate Wealth Advisors Inc. purchased a new position in HP in the fourth quarter worth approximately $50,000. Finally, Summit Securities Group LLC purchased a new stake in shares of HP in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 77.53% of the company's stock.
Insider Activity at HP
In other HP news, insider Stephanie Liebman sold 15,646 shares of the firm'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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $28.49, for a total transaction of $613,817.05. Following the transaction, the insider now owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on HPQ shares. Wells Fargo & Company boosted their target price on shares of HP from $30.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Sanford C. Bernstein increased their price objective on HP from $32.00 to $34.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. StockNews.com cut HP from a "buy" rating to a "hold" rating in a research note on Tuesday. TD Cowen lowered their price target on HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Finally, Loop Capital cut their price objective on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $36.14.
Check Out Our Latest Stock Analysis on HP
HP Stock Down 6.2 %
NYSE HPQ traded down $1.51 during mid-day trading on Thursday, hitting $22.77. The stock had a trading volume of 5,993,698 shares, compared to its average volume of 7,764,190. The company has a 50 day simple moving average of $29.81 and a 200 day simple moving average of $33.31. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 2.96 and a beta of 1.09. HP Inc. has a 52-week low of $21.21 and a 52-week high of $39.80.
HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The computer maker reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $13.50 billion during the quarter, compared to the consensus estimate of $13.35 billion. HP had a negative return on equity of 253.39% and a net margin of 5.18%. As a group, equities analysts anticipate that HP Inc. will post 3.56 earnings per share for the current fiscal year.
HP Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.2894 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.16 annualized dividend and a dividend yield of 5.08%. HP's dividend payout ratio is currently 41.37%.
HP Company Profile
(
Free Report)
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.
Further Reading
Before you consider HP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HP wasn't on the list.
While HP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
