RWA Wealth Partners LLC Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

RWA Wealth Partners LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 89.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,080 shares of the technology company’s stock after acquiring an additional 4,753 shares during the period. RWA Wealth Partners LLC’s holdings in Dell Technologies were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DELL. Anchor Investment Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Pinnacle Bancorp Inc. increased its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Dell Technologies by 454.5% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after acquiring an additional 400 shares during the period. Castleview Partners LLC acquired a new stake in shares of Dell Technologies in the third quarter worth $39,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Dell Technologies by 1,456.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock worth $46,000 after acquiring an additional 568 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.4 %

Shares of NYSE:DELL opened at $120.19 on Thursday. The firm has a fifty day moving average of $110.94 and a two-hundred day moving average of $87.44. The firm has a market capitalization of $85.79 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $41.47 and a 12-month high of $136.16.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at approximately $3,894,791,624.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at approximately $3,894,791,624.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 155,105 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $107.31, for a total transaction of $16,644,317.55. Following the transaction, the chief executive officer now owns 37,583,381 shares in the company, valued at approximately $4,033,072,615.11. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock worth $718,452,037 in the last quarter. 48.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Morgan Stanley lifted their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Loop Capital started coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

About Dell Technologies

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).