Chevy Chase Trust Holdings LLC Takes Position in Dell Technologies Inc. (NYSE:DELL)

Chevy Chase Trust Holdings LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 155,244 shares of the technology company’s stock, valued at approximately $18,403,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clean Yield Group bought a new position in Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies during the 2nd quarter worth approximately $28,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the second quarter worth $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies in the 2nd quarter valued at $34,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 0.2 %

NYSE:DELL opened at $125.54 on Wednesday. Dell Technologies Inc. has a 12 month low of $67.51 and a 12 month high of $179.70. The stock has a market capitalization of $88.18 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.35 and a beta of 0.90. The firm has a fifty day simple moving average of $127.74 and a two-hundred day simple moving average of $126.39.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This represents a 37.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. Corporate insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DELL. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

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).