AMJ Financial Wealth Management Makes New $2.30 Million Investment in Dell Technologies Inc. (NYSE:DELL)

AMJ Financial Wealth Management purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 19,934 shares of the technology company’s stock, valued at approximately $2,297,000.

A number of other large investors have also recently made changes to their positions in the stock. Intrepid Financial Planning Group LLC lifted its holdings in Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 80 shares during the period. Smithfield Trust Co increased its position in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares during the last quarter. Graypoint LLC lifted its stake in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the period. ASB Consultores LLC grew its position in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after buying an additional 87 shares during the period. Finally, Equitable Trust Co. increased its holdings in Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after buying an additional 88 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Down 7.0 %

Shares of DELL stock opened at $95.55 on Tuesday. The stock’s 50-day moving average price is $112.10 and its 200-day moving average price is $118.30. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a market capitalization of $66.93 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.20%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Barclays boosted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. UBS Group cut their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Finally, Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

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).