B. Riley Wealth Advisors Inc. Sells 2,292 Shares of Dell Technologies Inc. (NYSE:DELL)

B. Riley Wealth Advisors Inc. trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,078 shares of the technology company’s stock after selling 2,292 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dell Technologies were worth $2,597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Intrepid Financial Planning Group LLC grew its stake in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares during the last quarter. Smithfield Trust Co grew its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares during the last quarter. Graypoint LLC grew its stake in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after buying an additional 86 shares during the last quarter. Affinity Wealth Management LLC grew its stake in Dell Technologies by 2.5% during the 3rd quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after buying an additional 87 shares during the last quarter. Finally, ASB Consultores LLC grew its stake in Dell Technologies by 4.6% during the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Raymond James dropped their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Susquehanna initiated coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target on the stock. Sanford C. Bernstein lowered their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company upped their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity

In related news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,376,935 shares of company stock worth $1,620,145,762 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $118.45 on Monday. The business has a 50 day simple moving average of $128.21 and a two-hundred day simple moving average of $124.36. The stock has a market capitalization of $83.20 billion, a P/E ratio of 20.93, a PEG ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $70.89 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business 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 business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).