Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 59,429 shares of the technology company's stock after purchasing an additional 4,977 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Dell Technologies were worth $5,417,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Bellwether Advisors LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter worth about $26,000. Crowley Wealth Management Inc. grew its holdings in shares of Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in shares of Dell Technologies by 155.8% in the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after buying an additional 201 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Dell Technologies stock traded up $5.65 during mid-day trading on Thursday, reaching $126.11. 9,409,030 shares of the stock traded hands, compared to its average volume of 7,866,897. The business's 50-day moving average is $105.90 and its 200-day moving average is $105.09. The stock has a market capitalization of $85.61 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the business posted $1.27 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared 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 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,473,222 shares of company stock worth $167,789,630. 42.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. Mizuho upped their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. KeyCorp assumed coverage on shares of Dell Technologies in a report on Thursday. They set a "sector weight" rating for the company. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.00.

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).