Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Radakovich Lynn Vojvodich sold 2,900 shares of Dell Technologies stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total value of $348,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 10.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Dell Technologies Stock Down 1.5%
DELL stock traded down $1.86 during midday trading on Friday, reaching $124.12. The company had a trading volume of 7,356,506 shares, compared to its average volume of 8,820,897. The stock has a 50 day moving average price of $107.51 and a 200 day moving average price of $104.96. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23. The firm has a market capitalization of $84.26 billion, a PE ratio of 19.80, a P/E/G ratio of 1.14 and a beta of 1.01.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. Research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.69%. Dell Technologies's dividend payout ratio is presently 33.49%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. UBS Group lowered their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.
Check Out Our Latest Research Report on Dell Technologies
Hedge Funds Weigh In On Dell Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its position in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after buying an additional 809 shares during the period. Jones Financial Companies Lllp lifted its position in Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after purchasing an additional 5,040 shares during the period. Geode Capital Management LLC lifted its position in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after purchasing an additional 4,977 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Company Profile
(
Get Free Report)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
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