G&S Capital LLC Decreases Holdings in Dell Technologies Inc. (NYSE:DELL)

G&S Capital LLC cut its stake in Dell Technologies Inc. (NYSE:DELL) by 76.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,358 shares of the technology company’s stock after selling 37,547 shares during the quarter. G&S Capital LLC’s holdings in Dell Technologies were worth $1,296,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Dell Technologies in the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. lifted its holdings in Dell Technologies by 96.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Finally, Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies during the first quarter worth $34,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the sale, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock valued at $842,917,457 in the last three months. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Price Performance

Shares of DELL opened at $138.23 on Thursday. The firm has a 50-day simple moving average of $137.18 and a two-hundred day simple moving average of $109.10. The stock has a market cap of $98.05 billion, a PE ratio of 28.21, a P/E/G ratio of 1.74 and a beta of 0.85. Dell Technologies Inc. has a 1-year low of $50.85 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DELL shares. Bank of America raised their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein boosted their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley reissued an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

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).