Fiduciary Financial Group LLC Purchases Shares of 2,600 Dell Technologies Inc. (NYSE:DELL)

Fiduciary Financial Group LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,600 shares of the technology company’s stock, valued at approximately $298,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Shorepath Capital Management LLC lifted its holdings in shares of Dell Technologies by 14.4% in the 4th quarter. Shorepath Capital Management LLC now owns 65,433 shares of the technology company’s stock valued at $7,540,000 after buying an additional 8,257 shares during the period. Miracle Mile Advisors LLC raised its holdings in Dell Technologies by 9.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 13,825 shares of the technology company’s stock worth $1,593,000 after purchasing an additional 1,159 shares during the period. Sunflower Bank N.A. raised its holdings in Dell Technologies by 3.1% in the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after purchasing an additional 98 shares during the period. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies in the 4th quarter worth about $1,272,000. Finally, Persium Advisors LLC acquired a new position in Dell Technologies in the 4th quarter worth about $746,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 945,407 shares of company stock worth $115,573,009. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $109.19 on Thursday. The firm has a market capitalization of $76.48 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 1.25 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $76.90 and a fifty-two week high of $179.70. The stock has a 50 day moving average of $124.62 and a 200 day moving average of $120.83.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.06.

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).