Westbourne Investments Inc. Grows Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Westbourne Investments Inc. increased its stake in Dell Technologies Inc. by 60.4% in Q2, now owning 34,973 shares valued at approximately $4.29 million, making Dell its 10th largest position.
• Dell Technologies reported quarterly earnings of $2.32 per share, surpassing analysts' expectations, and revenue was up 19% year-over-year, totaling $29.78 billion.
• The company announced a quarterly dividend of $0.525 per share, representing an annualized yield of 1.6%, set to be paid on October 31st.

Westbourne Investments Inc. raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 60.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,973 shares of the technology company's stock after buying an additional 13,165 shares during the quarter. Dell Technologies comprises about 2.3% of Westbourne Investments Inc.'s portfolio, making the stock its 10th largest position. Westbourne Investments Inc.'s holdings in Dell Technologies were worth $4,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DELL. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the 1st quarter valued at about $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies in the 1st quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. increased its holdings in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $127.64 on Wednesday. The company has a market capitalization of $85.82 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The company's 50 day moving average price is $129.46 and its 200-day moving average price is $111.29.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current 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 given a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is 30.88%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director owned 960,050 shares in the company, valued at $121,158,310. The trade was a 39.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,527,667 shares of company stock worth $1,417,204,568 over the last ninety days. 42.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DELL shares. KeyCorp started coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Barclays lifted their price target on shares of Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Evercore ISI lifted their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Sanford C. Bernstein started coverage on shares of Dell Technologies in a report on Monday. They set an "outperform" rating and a $175.00 price target on the stock. Finally, Susquehanna reaffirmed a "neutral" rating and set a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $148.00.

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).

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