Farmers Trust Co. Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Farmers Trust Co. boosted its position in Dell Technologies Inc. (NYSE:DELL) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,699 shares of the technology company’s stock after purchasing an additional 243 shares during the period. Farmers Trust Co.’s holdings in Dell Technologies were worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Intrepid Financial Planning Group LLC grew its position in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares during the last quarter. Graypoint LLC grew its holdings in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after buying an additional 86 shares in the last quarter. Affinity Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 87 shares in the last quarter. Finally, ASB Consultores LLC boosted its position in shares of 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 acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 target price on the stock. Morgan Stanley raised their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Citigroup lowered their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Three equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Down 1.7 %

Shares of NYSE DELL traded down $2.11 during midday trading on Wednesday, hitting $119.16. The company had a trading volume of 3,961,759 shares, compared to its average volume of 5,679,575. Dell Technologies Inc. has a twelve month low of $76.90 and a twelve month high of $179.70. The firm has a market capitalization of $83.47 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. The business has a 50-day simple moving average of $126.12 and a two-hundred day simple moving average of $121.68.

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

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 annualized dividend and a dividend yield of 1.49%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,920 shares of company stock valued at $15,426,444 in the last ninety days. Company insiders own 46.70% of the company’s stock.

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).