KMG Fiduciary Partners LLC Acquires New Shares in Dell Technologies Inc. (NYSE:DELL)

KMG Fiduciary Partners LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,168 shares of the technology company’s stock, valued at approximately $2,272,000.

Several other large investors have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Clean Yield Group bought a new position in Dell Technologies during the third quarter worth about $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the 1st quarter valued at $30,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the second quarter valued at $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insiders Place Their Bets

In other 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 owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $126.54 on Friday. The company’s 50 day moving average price is $114.96 and its 200-day moving average price is $125.45. Dell Technologies Inc. has a 52-week low of $63.90 and a 52-week high of $179.70. The stock has a market capitalization of $89.76 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced 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. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is 36.33%.

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).