Uhlmann Price Securities LLC Makes New $282,000 Investment in Dell Technologies Inc. $DELL

Key Points

• Uhlmann Price Securities LLC invested approximately $282,000 in Dell Technologies Inc., acquiring 2,302 shares in a recent filing for the second quarter.
• Various analysts have upgraded Dell's stock rating, with Mizuho increasing its price target from $160 to $170, reflecting strong market confidence in the company.
• Dell Technologies recently announced a quarterly dividend of $0.525 per share, payable on October 31, representing a 1.4% dividend yield for investors.

Uhlmann Price Securities LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,302 shares of the technology company's stock, valued at approximately $282,000.

Several other institutional investors have also bought and sold shares of DELL. Brighton Jones LLC lifted its stake in 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 purchasing an additional 901 shares during the last quarter. GAMMA Investing LLC lifted its stake in Dell Technologies by 94.8% in the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company's stock valued at $539,000 after purchasing an additional 2,878 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Dell Technologies by 25.9% in 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 during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Dell Technologies by 4.2% in the first quarter. State of Alaska Department of Revenue now owns 36,475 shares of the technology company's stock valued at $3,324,000 after purchasing an additional 1,455 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Mizuho upped their price objective on Dell Technologies from $160.00 to $170.00 and gave the company an "outperform" rating in a research note on Wednesday, October 8th. Zacks Research upgraded Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Cowen restated a "hold" rating on shares of Dell Technologies in a research report on Friday, August 29th. Fox Advisors downgraded Dell Technologies from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 29th. Finally, Sanford C. Bernstein increased their target price on Dell Technologies from $175.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.79.

Dell Technologies Price Performance

NYSE:DELL opened at $149.57 on Monday. The company has a market cap of $100.57 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.02 and a beta of 1.05. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The stock's fifty day moving average price is $135.90 and its two-hundred day moving average price is $119.26.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's dividend payout ratio is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,617,755 shares of company stock worth $653,694,973. Insiders own 42.00% of the company's stock.

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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