Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill Sells 8,000 Shares

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dell Technologies Stock Performance

NYSE DELL opened at $141.71 on Wednesday. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The stock has a market cap of $99.54 billion, a PE ratio of 26.05, a P/E/G ratio of 1.52 and a beta of 0.89. The firm has a 50-day moving average of $126.91 and a 200-day moving average of $126.97.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.62 earnings per share. As a group, analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.26%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Barclays lifted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.50.

Institutional Trading of Dell Technologies

Several institutional investors have recently added to or reduced their stakes in DELL. Clean Yield Group bought a new stake in Dell Technologies in the 3rd quarter valued at $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the 1st quarter valued at $30,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $33,000. 38.10% of the stock is currently owned by institutional investors.

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).