Deroy & Devereaux Private Investment Counsel Inc. Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 30.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,547 shares of the technology company’s stock after purchasing an additional 49,485 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Dell Technologies were worth $24,840,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter worth $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the 2nd quarter worth $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the 1st quarter worth $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC purchased a new position in shares of Dell Technologies in the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $123.65 on Friday. The business has a 50-day moving average of $117.78 and a 200-day moving average of $125.32. The company has a market capitalization of $86.85 billion, a PE ratio of 22.73, a P/E/G ratio of 1.36 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $65.73 and a 1-year high of $179.70.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.44%. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup increased their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Sanford C. Bernstein lowered 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’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 completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

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).