Kimelman & Baird LLC Makes New $37,000 Investment in Dell Technologies Inc. (NYSE:DELL)

Kimelman & Baird LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 269 shares of the technology company’s stock, valued at approximately $37,000.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new position in Dell Technologies in the first quarter worth approximately $104,000. Oppenheimer Asset Management Inc. raised its position in Dell Technologies by 31.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares in the last quarter. Tidal Investments LLC grew its position in Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares in the last quarter. Finally, AlpInvest Partners B.V. acquired a new position in shares of Dell Technologies during the 2nd quarter worth $3,138,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Raymond James reduced their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. UBS Group reduced their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Insider Activity

In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction 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 transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,007,047 shares of company stock worth $2,265,595,745. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $118.55 on Tuesday. The company has a 50-day simple moving average of $110.17 and a 200-day simple moving average of $124.61. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70. The firm has a market capitalization of $84.09 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 EPS. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

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).