Dell Technologies Inc. (NYSE:DELL) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,200 shares of the technology company’s stock after selling 1,000 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Dell Technologies were worth $14,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in Dell Technologies in the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Accordant Advisory Group Inc purchased a new position in Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. purchased a new position in Dell Technologies in the 1st quarter valued at $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Dell Technologies stock traded down $1.86 during midday trading on Friday, reaching $105.30. 709,110 shares of the company were exchanged, compared to its average volume of 10,319,300. The company has a market capitalization of $74.69 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.43 and a beta of 0.92. The firm’s 50-day simple moving average is $117.95 and its 200-day simple moving average is $122.95. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.86 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the completion of the sale, the chief executive officer now owns 26,725,566 shares in the company, valued at approximately $3,526,705,689.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders sold 6,902,278 shares of company stock worth $942,086,320 in the last 90 days. 46.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley reduced their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Loop Capital raised their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. 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 report on Friday, August 30th. Finally, Evercore ISI reissued an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.80.

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).