Fiduciary Family Office LLC Has $514,000 Position in Dell Technologies Inc. $DELL

Key Points

• Fiduciary Family Office LLC has reduced its stake in Dell Technologies by 49.4%, holding 4,195 shares valued at $514,000 as of the latest SEC disclosure.
• Analysts have increased their price targets for Dell Technologies, with predictions ranging from $140 to $200, indicating a strong positive outlook for the stock.
• Dell Technologies announced a quarterly dividend of $0.525, which will be paid on October 31st, representing an annual yield of 1.4% based on current share prices.

Fiduciary Family Office LLC cut its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 49.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,195 shares of the technology company's stock after selling 4,097 shares during the quarter. Fiduciary Family Office LLC's holdings in Dell Technologies were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the last quarter. GAMMA Investing LLC increased its position in Dell Technologies by 94.8% during the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company's stock worth $539,000 after purchasing an additional 2,878 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dell Technologies by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after acquiring an additional 4,977 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares in the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Dell Technologies by 0.8% during the 1st quarter. Retirement Systems of Alabama now owns 67,037 shares of the technology company's stock worth $6,110,000 after acquiring an additional 533 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DELL. Argus increased their price objective on Dell Technologies from $150.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Daiwa Capital Markets lifted their price target on Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. TD Cowen lifted their price target on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their target price on Dell Technologies from $155.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The disclosure for this sale can be found here. Insiders sold 4,617,755 shares of company stock worth $653,694,973 over the last three months. Company insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $147.91 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The firm has a market cap of $99.45 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The company has a 50-day moving average of $136.10 and a two-hundred day moving average of $119.80.

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

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is 30.88%.

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).

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