Migdal Insurance & Financial Holdings Ltd. raised its position in shares of HP Inc. (NYSE:HPQ) by 60.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,699 shares of the computer maker’s stock after buying an additional 18,060 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in HP were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new position in shares of HP during the second quarter worth $113,000. NuWave Investment Management LLC acquired a new stake in shares of HP in the second quarter valued at $116,000. Capital Advisors Ltd. LLC raised its stake in shares of HP by 6,530.8% in the third quarter. Capital Advisors Ltd. LLC now owns 7,095 shares of the computer maker’s stock valued at $183,000 after acquiring an additional 6,988 shares in the last quarter. United Capital Management of KS Inc. acquired a new stake in shares of HP in the third quarter valued at $201,000. Finally, BancorpSouth Bank acquired a new stake in shares of HP in the third quarter valued at $207,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

In other HP news, insider Dion J. Weisler sold 86,389 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $24.80, for a total value of $2,142,447.20. Following the sale, the insider now directly owns 815,945 shares in the company, valued at $20,235,436. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kim M. Rivera sold 46,072 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $24.14, for a total value of $1,112,178.08. Following the completion of the sale, the insider now owns 15,241 shares in the company, valued at $367,917.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 826,055 shares of company stock worth $21,135,479. 0.25% of the stock is owned by insiders.

HP stock opened at $23.55 on Tuesday. HP Inc. has a 1-year low of $19.31 and a 1-year high of $27.08. The firm has a market capitalization of $38.23 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.50.

HP (NYSE:HPQ) last posted its quarterly earnings results on Thursday, August 23rd. The computer maker reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. HP had a negative return on equity of 130.47% and a net margin of 7.95%. The company had revenue of $14.59 billion for the quarter, compared to analysts’ expectations of $14.29 billion. During the same period last year, the firm earned $0.43 earnings per share. HP’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that HP Inc. will post 2.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Thursday, December 13th will be paid a $0.1602 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This is a boost from HP’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 2.72%. HP’s dividend payout ratio (DPR) is currently 33.94%.

Several analysts have recently issued reports on HPQ shares. Maxim Group increased their price objective on HP from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Argus reiterated a “buy” rating on shares of HP in a research note on Monday, October 8th. Morgan Stanley increased their price objective on HP from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, August 24th. Zacks Investment Research cut HP from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Wells Fargo & Co increased their price objective on HP from $21.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, August 24th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. HP currently has a consensus rating of “Hold” and an average target price of $27.44.

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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.

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