apricus wealth LLC Purchases New Stake in Dell Technologies Inc. $DELL

apricus wealth LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, Holdings Channel reports. The institutional investor bought 2,000 shares of the technology company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Dell Technologies during the second quarter worth $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $27,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. Insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DELL shares. UBS Group increased their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Fox Advisors cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. KeyCorp started coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Evercore ISI increased their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Dell Technologies Stock Down 1.1%

Shares of DELL opened at $147.91 on Tuesday. The firm has a 50-day moving average price of $136.10 and a 200 day moving average price of $119.80. The firm has a market capitalization of $99.45 billion, a PE ratio of 21.75, a P/E/G ratio of 1.02 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10.

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

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).