GM Advisory Group LLC Acquires 955 Shares of Dell Technologies Inc. (NYSE:DELL)

GM Advisory Group LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,027 shares of the technology company’s stock after acquiring an additional 955 shares during the quarter. GM Advisory Group LLC’s holdings in Dell Technologies were worth $464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DELL. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies during the 4th quarter worth approximately $28,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies during the fourth quarter worth $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DELL shares. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group cut their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Stock Up 2.4 %

Shares of Dell Technologies stock opened at $98.73 on Thursday. The company has a market cap of $69.15 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The business has a 50 day moving average price of $106.34 and a 200-day moving average price of $116.82.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.13%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last three months. 46.70% of the stock is currently owned by insiders.

About Dell Technologies

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).