Shelton Wealth Management LLC Invests $1.01 Million in Dell Technologies Inc. (NYSE:DELL)

Shelton Wealth Management LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,749 shares of the technology company’s stock, valued at approximately $1,008,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. boosted its stake in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service increased its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in Dell Technologies in the third quarter valued at about $5,780,000. Finally, Retirement Systems of Alabama bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $7,435,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 0.4 %

Shares of DELL stock opened at $109.65 on Friday. The stock’s 50-day moving average price is $123.00 and its 200-day moving average price is $120.45. Dell Technologies Inc. has a 12-month low of $77.70 and a 12-month high of $179.70. The stock has a market capitalization of $76.81 billion, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

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

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DELL. Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Citigroup reduced their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley boosted their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock valued at $115,573,009. 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).