Woodmont Investment Counsel LLC Takes $5.78 Million Position in Dell Technologies Inc. (NYSE:DELL)

Woodmont Investment Counsel LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, HoldingsChannel reports. The fund purchased 48,756 shares of the technology company’s stock, valued at approximately $5,780,000.

A number of other hedge funds have also modified their holdings of the company. Clean Yield Group purchased a new stake in Dell Technologies in the third quarter valued at $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies during the 1st quarter valued at about $30,000. Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC purchased a new position in Dell Technologies during the second quarter worth approximately $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,602,535 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the completion of the transaction, the chief executive officer now owns 15,412,241 shares in the company, valued at $1,655,582,928.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 in the last ninety days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Up 3.6 %

DELL stock opened at $138.30 on Thursday. Dell Technologies Inc. has a 52-week low of $67.51 and a 52-week high of $179.70. The business has a fifty day moving average of $119.49 and a two-hundred day moving average of $125.78. The stock has a market cap of $97.14 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Barclays upped their price objective 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. Mizuho began coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Sanford C. Bernstein decreased their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

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).