Richard C. Young & CO. LTD. Raises Position in Dell Technologies Inc. (NYSE:DELL)

Richard C. Young & CO. LTD. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 79,012 shares of the technology company's stock after purchasing an additional 7,596 shares during the period. Richard C. Young & CO. LTD.'s holdings in Dell Technologies were worth $7,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DELL. Exchange Traded Concepts LLC grew its position in Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares during the last quarter. Mather Group LLC. grew its position in shares of Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after buying an additional 554 shares during the last quarter. Golden State Wealth Management LLC grew its position in shares of Dell Technologies by 54.6% in the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after buying an additional 1,558 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after buying an additional 552,213 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider directly owned 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. Over the last ninety days, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Trading Up 0.2%

Shares of DELL stock traded up $0.30 during trading on Thursday, hitting $123.87. The company's stock had a trading volume of 3,760,913 shares, compared to its average volume of 8,503,606. The business has a fifty day moving average of $116.07 and a 200-day moving average of $105.82. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The company has a market cap of $84.09 billion, a PE ratio of 19.76, a P/E/G ratio of 1.14 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the company posted $1.27 earnings per share. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DELL shares. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday. Barclays upped their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. UBS Group dropped their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $139.18.

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).