Brookstone Capital Management Reduces Holdings in Dell Technologies Inc. $DELL

Brookstone Capital Management lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,138 shares of the technology company’s stock after selling 1,077 shares during the period. Brookstone Capital Management’s holdings in Dell Technologies were worth $6,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the 1st quarter worth $27,000. Flaharty Asset Management LLC acquired a new position in Dell Technologies in the first quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of 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 buying an additional 222 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 4,617,755 shares of company stock valued at $653,694,973 in the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Trading Up 2.7%

DELL stock opened at $154.22 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The company has a market cap of $103.69 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.02 and a beta of 1.05. The company’s 50-day moving average price is $136.77 and its 200 day moving average price is $120.76.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 company 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 research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler began coverage on Dell Technologies in a research report on Tuesday. They issued an “overweight” rating and a $172.00 price target on the stock. Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. KeyCorp started coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Finally, Barclays increased their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.80.

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).