Dell Technologies Inc. (NYSE:DELL) Position Increased by Farmers Trust Co.

Farmers Trust Co. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,699 shares of the technology company’s stock after acquiring an additional 243 shares during the period. Farmers Trust Co.’s holdings in Dell Technologies were worth $3,653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth $25,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Dell Technologies in the second quarter worth approximately $33,000. MCF Advisors LLC increased its holdings in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after acquiring an additional 218 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Down 1.7 %

DELL traded down $2.11 during trading on Wednesday, hitting $119.16. The stock had a trading volume of 3,961,759 shares, compared to its average volume of 5,679,575. Dell Technologies Inc. has a 12 month low of $76.90 and a 12 month high of $179.70. The company has a 50 day simple moving average of $126.12 and a 200-day simple moving average of $121.68. The firm has a market cap of $83.47 billion, a PE ratio of 21.05, a P/E/G ratio of 1.26 and a beta of 0.92.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna started coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,920 shares of company stock worth $15,426,444. Company insiders own 46.70% of the company’s stock.

Dell Technologies 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).