KMG Fiduciary Partners LLC Purchases 3,249 Shares of Dell Technologies Inc. (NYSE:DELL)

KMG Fiduciary Partners LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,417 shares of the technology company’s stock after purchasing an additional 3,249 shares during the period. KMG Fiduciary Partners LLC’s holdings in Dell Technologies were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DELL. State Street Corp raised its stake in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after buying an additional 2,415,234 shares during the period. Franklin Resources Inc. increased its holdings in Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares during the period. Finally, Alkeon Capital Management LLC increased its holdings in Dell Technologies by 48.3% during the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after buying an additional 699,204 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 0.9 %

Shares of NYSE DELL opened at $110.17 on Friday. Dell Technologies Inc. has a 12-month low of $76.90 and a 12-month high of $179.70. The stock has a market cap of $77.17 billion, a PE ratio of 19.46, a P/E/G ratio of 1.21 and a beta of 0.92. The company has a 50-day moving average of $124.04 and a 200 day moving average of $120.75.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup cut their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

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).