Bingham Private Wealth LLC Acquires Shares of 5,613 Dell Technologies Inc. (NYSE:DELL)

Bingham Private Wealth LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,613 shares of the technology company's stock, valued at approximately $512,000.

Other hedge funds have also modified their holdings of the company. Vanguard Capital Wealth Advisors grew its holdings in shares of Dell Technologies by 5.9% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the period. OneAscent Financial Services LLC increased its position in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after acquiring an additional 125 shares during the last quarter. Greenleaf Trust increased its position in shares of Dell Technologies by 1.4% during the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after acquiring an additional 136 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Dell Technologies by 32.9% during the first quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. Finally, True Vision MN LLC increased its position in shares of Dell Technologies by 2.6% during the first quarter. True Vision MN LLC now owns 5,817 shares of the technology company's stock valued at $530,000 after acquiring an additional 145 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE DELL traded up $7.20 during trading hours on Friday, reaching $131.08. The company's stock had a trading volume of 11,017,744 shares, compared to its average volume of 8,515,424. The stock has a market cap of $88.98 billion, a PE ratio of 20.91, a PEG ratio of 1.19 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The company's 50-day moving average is $117.32 and its two-hundred day moving average is $105.93.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.27 earnings per share. Equities analysts expect 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. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. Dell Technologies's payout ratio is currently 33.49%.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,897,063 shares of company stock worth $1,570,909,812. 42.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday. Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Mizuho boosted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies 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).