Fiduciary Financial Group LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Fiduciary Financial Group LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,600 shares of the technology company’s stock, valued at approximately $298,000.

Several other hedge funds also recently made changes to their positions in DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the third quarter worth about $25,000. True Wealth Design LLC grew its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter valued at approximately $33,000. MCF Advisors LLC boosted its holdings in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the topic of a number of analyst reports. Citigroup lowered their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 0.1 %

Shares of Dell Technologies stock opened at $109.19 on Thursday. Dell Technologies Inc. has a twelve month low of $76.90 and a twelve month high of $179.70. The stock has a market cap of $76.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The company has a fifty day moving average price of $124.62 and a 200 day moving average price of $120.83.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.63%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).