Private Advisory Group LLC Has $3.74 Million Stake in Dell Technologies Inc. (NYSE:DELL)

Key Points

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Private Advisory Group LLC reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 44.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,080 shares of the technology company's stock after selling 33,081 shares during the period. Private Advisory Group LLC's holdings in Dell Technologies were worth $3,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DELL. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. grew its position in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. grew its position in shares of Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Down 3.8%

Shares of Dell Technologies stock traded down $5.05 on Friday, reaching $127.64. 1,006,819 shares of the company were exchanged, compared to its average volume of 7,296,586. The stock has a fifty day moving average price of $120.81 and a 200-day moving average price of $106.77. The firm has a market capitalization of $86.65 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.08 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.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is presently 33.49%.

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock valued at $1,577,559,812 in the last ninety days. Corporate insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho lifted their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Bank of America lifted their target price on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays boosted their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently 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).