Adell Harriman & Carpenter Inc. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Adell Harriman & Carpenter Inc. bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,428 shares of the technology company's stock, valued at approximately $221,000.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in Dell Technologies during the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the first quarter worth approximately $25,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter worth approximately $26,000. Crowley Wealth Management Inc. boosted its position in Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, Olde Wealth Management LLC acquired a new position in shares of Dell Technologies during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last 90 days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Trading Down 0.4%

DELL stock traded down $0.54 during midday trading on Monday, hitting $124.68. 4,068,993 shares of the company's stock were exchanged, compared to its average volume of 8,705,134. The business has a 50-day simple moving average of $110.96 and a two-hundred day simple moving average of $105.22. The stock has a market capitalization of $84.64 billion, a PE ratio of 19.89, a P/E/G ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results 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%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.68%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. Raymond James Financial raised their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Morgan Stanley raised their target price on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. UBS Group decreased their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Citigroup raised their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

About Dell Technologies

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).