Empirical Financial Services LLC d.b.a. Empirical Wealth Management Trims Stock Position in Dell Technologies Inc. (NYSE:DELL)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,332 shares of the technology company’s stock after selling 7,829 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Dell Technologies were worth $8,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Marshall Wace LLP acquired a new position in Dell Technologies in the 2nd quarter valued at $470,000. Toronto Dominion Bank boosted its holdings in shares of Dell Technologies by 10.1% in the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,340 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Dell Technologies during the second quarter worth about $2,564,000. The Manufacturers Life Insurance Company raised its holdings in Dell Technologies by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock worth $3,111,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in Dell Technologies by 2.2% in the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock valued at $635,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of analyst reports. Citigroup cut their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Mizuho reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Stock Down 0.5 %

Shares of NYSE:DELL opened at $113.66 on Monday. The company has a market capitalization of $79.61 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 52-week low of $80.49 and a 52-week high of $179.70. The stock’s fifty day simple moving average is $120.76 and its 200-day simple moving average is $119.22.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by insiders.

About Dell Technologies

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).