Adell Harriman & Carpenter Inc. acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,428 shares of the technology company's stock, valued at approximately $221,000.
Several other institutional investors also recently bought and sold shares of DELL. Exchange Traded Concepts LLC raised its position in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after purchasing an additional 809 shares during the period. Mather Group LLC. increased its position in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Dell Technologies by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock worth $402,000 after buying an additional 1,558 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Dell Technologies by 79.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after acquiring an additional 5,040 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.
Dell Technologies Stock Up 0.3%
Shares of NYSE DELL traded up $0.38 during trading hours on Monday, hitting $125.60. 1,557,557 shares of the stock were exchanged, compared to its average volume of 7,694,551. The company has a market cap of $85.26 billion, a PE ratio of 20.03, a PEG ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23. The firm has a fifty day moving average price of $110.96 and a 200-day moving average price of $105.22.
Dell Technologies (NYSE:DELL - Get Free Report) last announced 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). The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.
Insider Buying and Selling
In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the sale, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,113,977 shares of company stock worth $1,471,321,229 over the last three months. Corporate insiders own 42.00% of the company's stock.
Wall Street Analyst Weigh In
DELL has been the subject of several analyst reports. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Citigroup boosted their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Barclays lifted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Finally, KeyCorp initiated coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $138.00.
Get Our Latest Analysis on DELL
About Dell Technologies
(
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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