Greater Midwest Financial Group LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Greater Midwest Financial Group LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 18,405 shares of the technology company's stock, valued at approximately $1,678,000. Dell Technologies makes up 1.2% of Greater Midwest Financial Group LLC's investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors boosted its stake in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares in the last quarter. Norges Bank acquired a new stake in Dell Technologies in the 4th quarter valued at $455,029,000. Finally, Northern Trust Corp boosted its stake in Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after buying an additional 460,483 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the completion of the transaction, the director directly owned 938,741 shares of the company's stock, valued at approximately $112,958,704.53. This represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total value of $348,000.00. Following the completion of the sale, the director directly owned 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,113,977 shares of company stock valued at $1,471,321,229 over the last 90 days. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DELL. TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Raymond James Financial boosted their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, July 6th. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, Morgan Stanley boosted 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. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Performance

NYSE:DELL traded down $1.01 during mid-day trading on Friday, hitting $126.90. The company had a trading volume of 3,558,127 shares, compared to its average volume of 8,612,370. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The business's fifty day moving average is $113.61 and its two-hundred day moving average is $105.63. The firm has a market cap of $86.15 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.18 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the company posted $1.27 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Dell Technologies Company Profile

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).