Clearview Wealth Advisors LLC Acquires New Stake in Dell Technologies Inc. (NYSE:DELL)

Clearview Wealth Advisors LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,077 shares of the technology company's stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DELL. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the period. Sigma Planning Corp boosted its position in Dell Technologies by 25.1% during the fourth quarter. Sigma Planning Corp now owns 9,823 shares of the technology company's stock valued at $1,132,000 after buying an additional 1,972 shares during the period. Pinnacle Financial Partners Inc bought a new position in Dell Technologies during the 4th quarter worth approximately $221,000. Howard Capital Management Inc. grew its holdings in shares of Dell Technologies by 154.6% in the fourth quarter. Howard Capital Management Inc. now owns 4,313 shares of the technology company's stock worth $497,000 after purchasing an additional 2,619 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Dell Technologies by 10.2% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,856 shares of the technology company's stock worth $5,861,000 after acquiring an additional 4,700 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DELL shares. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley upped their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. 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 report on Monday, May 19th. Finally, The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Three equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Down 1.0%

NYSE DELL opened at $118.12 on Tuesday. The stock's 50-day moving average price is $104.46 and its 200-day moving average price is $104.87. The company has a market capitalization of $80.19 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly 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 business had revenue of $23.38 billion during 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 company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 EPS. Research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.78%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director now directly owns 938,741 shares in the company, valued at $105,918,147.03. This represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now directly owns 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,470,322 shares of company stock valued at $167,441,630 in the last quarter. 42.00% of the stock is currently owned by insiders.

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).

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