CWA Asset Management Group LLC Invests $214,000 in Dell Technologies Inc. (NYSE:DELL)

CWA Asset Management Group LLC bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,808 shares of the technology company’s stock, valued at approximately $214,000.

Several other hedge funds also recently added to or reduced their stakes in DELL. Clean Yield Group purchased a new stake in shares of Dell Technologies in the third quarter worth about $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DELL. Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Sanford C. Bernstein reduced their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Mizuho began coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective for the company. Finally, Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.63.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $136.51 on Wednesday. Dell Technologies Inc. has a one year low of $67.51 and a one year high of $179.70. The company has a market cap of $95.88 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.41 and a beta of 0.89. The business’s 50 day moving average price is $120.86 and its 200 day moving average price is $126.17.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. On average, analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.30%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Activity

In related news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction that occurred 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 completion of the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

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).