Vest Financial LLC Sells 4,571 Shares of Dell Technologies Inc. $DELL

Vest Financial LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 35.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,347 shares of the technology company’s stock after selling 4,571 shares during the quarter. Vest Financial LLC’s holdings in Dell Technologies were worth $1,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC acquired a new position in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of several research analyst reports. Citigroup boosted their target price on Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. UBS Group boosted their target price on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Barclays upped their price objective on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Finally, Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $160.79.

Insider Activity at Dell Technologies

In other news, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. The trade was a 47.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. In the last three months, insiders sold 4,551,332 shares of company stock valued at $643,036,628. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $153.69 on Thursday. The company has a market capitalization of $103.34 billion, a PE ratio of 22.60, a P/E/G ratio of 1.02 and a beta of 1.05. The company has a 50 day simple moving average of $135.32 and a two-hundred day simple moving average of $118.00. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The business had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is presently 30.88%.

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).