Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill Sells 8,000 Shares

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dell Technologies Stock Performance

DELL traded down $2.42 during trading on Tuesday, reaching $141.74. 8,998,771 shares of the stock were exchanged, compared to its average volume of 10,003,826. The stock has a market cap of $99.56 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The stock’s 50 day moving average price is $126.42 and its two-hundred day moving average price is $126.91.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Mizuho assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target on the stock. Morgan Stanley lifted their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $146.50.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Clean Yield Group bought a new stake in Dell Technologies during the third quarter worth about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the second quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter valued at approximately $30,000. True Wealth Design LLC raised its holdings in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new position in Dell Technologies in the 2nd quarter valued at approximately $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).