OneAscent Wealth Management LLC Cuts Holdings in Dell Technologies Inc. (NYSE:DELL)

OneAscent Wealth Management LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,103 shares of the technology company’s stock after selling 564 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Dell Technologies were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Dell Technologies by 529.6% in the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 11,783 shares during the last quarter. Quest Partners LLC grew its position in Dell Technologies by 17.0% in the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock worth $164,000 after purchasing an additional 201 shares during the period. Cerity Partners LLC lifted its holdings in shares of Dell Technologies by 159.2% during the 3rd quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock valued at $5,035,000 after buying an additional 26,086 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dell Technologies by 674.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after buying an additional 152,076 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock worth $100,327,453 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $92.35 on Friday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83. The firm’s 50-day moving average is $104.31 and its two-hundred day moving average is $116.21.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DELL shares. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Citigroup dropped their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Bank of America reduced their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

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).