Richard C. Young & CO. LTD. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Richard C. Young & CO. LTD. purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 71,416 shares of the technology company’s stock, valued at approximately $8,230,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC boosted its stake in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 3,470 shares in the last quarter. Byrne Asset Management LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $28,000. Opinicus Capital Inc. raised its stake in Dell Technologies by 14.1% during the fourth quarter. Opinicus Capital Inc. now owns 5,883 shares of the technology company’s stock valued at $678,000 after buying an additional 728 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Dell Technologies by 2.9% in the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,567 shares of the technology company’s stock worth $1,218,000 after acquiring an additional 300 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Dell Technologies by 61.8% during the fourth quarter. Vest Financial LLC now owns 25,043 shares of the technology company’s stock valued at $2,886,000 after acquiring an additional 9,567 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock worth $115,660,009 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 0.5 %

NYSE:DELL opened at $106.45 on Friday. The company has a market capitalization of $74.56 billion, a P/E ratio of 18.81, a P/E/G ratio of 0.91 and a beta of 0.90. The business’s 50-day moving average is $114.47 and its 200 day moving average is $117.24. Dell Technologies Inc. has a 12 month low of $80.49 and a 12 month high of $179.70.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DELL. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, 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 note on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.06.

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).