Chancellor Financial Group WB LP Sells 950 Shares of Dell Technologies Inc. $DELL

Chancellor Financial Group WB LP lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 26.4% in the 2nd quarter, Holdings Channel reports. The firm owned 2,645 shares of the technology company’s stock after selling 950 shares during the period. Chancellor Financial Group WB LP’s holdings in Dell Technologies were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its position in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Dell Technologies in the 2nd quarter worth approximately $29,000. NewSquare Capital LLC raised its holdings in shares of Dell Technologies by 96.9% during the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at approximately $26,000. Finally, Cheviot Value Management LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 1.8%

DELL stock opened at $146.44 on Friday. The stock has a market cap of $98.46 billion, a PE ratio of 21.54, a P/E/G ratio of 1.02 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The company has a 50-day moving average price of $142.46 and a 200 day moving average price of $126.83.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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 business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts forecast 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 was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies’s payout ratio is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In related 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 value of $112,183,364.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’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 SEC filing for this sale provides additional information. Insiders sold a total of 4,587,755 shares of company stock worth $649,644,973 in the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DELL. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Piper Sandler initiated coverage on shares of Dell Technologies in a report on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Raymond James Financial lifted their price target on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Barclays boosted their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Dell Technologies 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).