Applied Finance Capital Management LLC Has $1.71 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

• Applied Finance Capital Management LLC increased its stake in Dell Technologies by 24.9%, holding 13,941 shares valued at $1.71 million as of the latest filing.
• Dell Technologies reported $1.68 EPS and $26.43 billion in revenue for the quarter ending October 5, with a FY24 EPS guidance set between $6.10 and $6.50.
• The company declared a quarterly dividend of $0.525 per share, with an annualized dividend yield of 1.4%, payable on October 31.

Applied Finance Capital Management LLC increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,941 shares of the technology company's stock after purchasing an additional 2,777 shares during the quarter. Applied Finance Capital Management LLC's holdings in Dell Technologies were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the 1st quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL opened at $151.07 on Friday. The company has a market capitalization of $101.57 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10. The business has a 50-day moving average of $135.67 and a 200-day moving average of $118.41.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's dividend payout ratio is 30.88%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders have sold a total of 4,537,949 shares of company stock worth $641,439,964 in the last 90 days. 42.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. Bank of America lifted their price target on Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. TD Cowen raised their price objective on Dell Technologies from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a report on Wednesday, October 8th. UBS Group increased their price target on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.

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).

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