Woodmont Investment Counsel LLC Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Woodmont Investment Counsel LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 30.7% during the first quarter, Holdings Channel.com reports. The firm owned 79,030 shares of the technology company’s stock after acquiring an additional 18,565 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Dell Technologies were worth $7,204,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Monte Financial Group LLC boosted its stake in shares of Dell Technologies by 30.5% during the first quarter. Monte Financial Group LLC now owns 65,071 shares of the technology company’s stock valued at $5,518,000 after purchasing an additional 15,220 shares during the period. Deltec Asset Management LLC boosted its position in Dell Technologies by 174.2% during the 1st quarter. Deltec Asset Management LLC now owns 101,704 shares of the technology company’s stock valued at $9,270,000 after buying an additional 64,607 shares during the period. PFG Investments LLC boosted its position in Dell Technologies by 13.0% during the 1st quarter. PFG Investments LLC now owns 14,320 shares of the technology company’s stock valued at $1,305,000 after buying an additional 1,646 shares during the period. Shelton Wealth Management LLC increased its position in shares of Dell Technologies by 15.2% in the first quarter. Shelton Wealth Management LLC now owns 10,075 shares of the technology company’s stock valued at $918,000 after acquiring an additional 1,326 shares during the period. Finally, Avior Wealth Management LLC raised its stake in shares of Dell Technologies by 22.3% during the first quarter. Avior Wealth Management LLC now owns 11,441 shares of the technology company’s stock valued at $1,043,000 after acquiring an additional 2,084 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on DELL. The Goldman Sachs Group reduced their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Evercore ISI reaffirmed an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. TD Cowen boosted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Citigroup raised their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Trading Up 2.5%

Shares of NYSE:DELL opened at $119.44 on Friday. The stock has a fifty day simple moving average of $103.80 and a two-hundred day simple moving average of $105.20. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The stock has a market capitalization of $81.08 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.08 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.76%. Dell Technologies’s payout ratio is currently 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the sale, the insider now owns 56,429 shares of the company’s stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,470,322 shares of company stock valued at $167,441,630. 42.00% of the stock is owned by corporate 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).