HCR Wealth Advisors Grows Position in Dell Technologies Inc. (NYSE:DELL)

HCR Wealth Advisors increased its stake in Dell Technologies Inc. (NYSE:DELL) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,347 shares of the technology company’s stock after purchasing an additional 425 shares during the quarter. HCR Wealth Advisors’ holdings in Dell Technologies were worth $1,769,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. increased its stake in Dell Technologies by 16.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 3,161 shares of the technology company’s stock valued at $436,000 after purchasing an additional 457 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Dell Technologies by 10.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock valued at $8,730,000 after purchasing an additional 5,821 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Dell Technologies by 1.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock valued at $935,000 after buying an additional 114 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Dell Technologies by 82.9% during the 2nd quarter. Moors & Cabot Inc. now owns 6,111 shares of the technology company’s stock worth $843,000 after buying an additional 2,769 shares during the last quarter. Finally, Plancorp LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter worth about $210,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DELL. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock valued at $115,573,009. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL opened at $109.19 on Thursday. The stock has a market capitalization of $76.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70. The business has a 50-day moving average of $124.62 and a two-hundred day moving average of $120.83.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

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).