Valley Wealth Managers Inc. Acquires 14,633 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Valley Wealth Managers Inc. increased its ownership of Dell Technologies by 10.0%, acquiring 14,633 additional shares in the first quarter, bringing its total to 160,260 shares valued at approximately $14.6 million.
• Dell Technologies reported earnings of $1.55 per share for the latest quarter, falling short of the consensus estimate of $1.68, despite achieving a revenue of $23.38 billion, which was above expectations.
• The company has announced a quarterly dividend of $0.525 per share, with a dividend yield of 1.60%, set to be paid on August 1st to shareholders of record by July 22nd.

Valley Wealth Managers Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,260 shares of the technology company's stock after buying an additional 14,633 shares during the period. Valley Wealth Managers Inc.'s holdings in Dell Technologies were worth $14,608,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bellwether Advisors LLC bought a new stake in Dell Technologies in the fourth quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $25,000. Cullen Frost Bankers Inc. raised its holdings in shares of Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares during the period. Crowley Wealth Management Inc. raised its position in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after buying an additional 150 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at approximately $32,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 1.9%

NYSE DELL traded up $2.52 on Monday, hitting $133.74. 4,105,692 shares of the company's stock were exchanged, compared to its average volume of 7,407,987. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The stock has a market cap of $90.79 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 1.06 and a beta of 1.02. The stock has a 50-day moving average of $119.18 and a 200-day moving average of $106.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) 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 company 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 firm posted $1.27 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.57%. Dell Technologies's payout ratio is presently 33.49%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DELL. Raymond James Financial lifted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Citigroup upped their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Cowen raised their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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).