World Investment Advisors Boosts Position in Dell Technologies Inc. $DELL

World Investment Advisors raised its stake in Dell Technologies Inc. (NYSE:DELL) by 45.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,113 shares of the technology company’s stock after buying an additional 1,289 shares during the period. World Investment Advisors’ holdings in Dell Technologies were worth $504,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. William Allan Corp lifted its holdings in shares of Dell Technologies by 47.6% in the 2nd quarter. William Allan Corp now owns 25,901 shares of the technology company’s stock worth $3,175,000 after buying an additional 8,355 shares during the period. First Hawaiian Bank raised its holdings in shares of Dell Technologies by 67.1% in the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock valued at $3,179,000 after acquiring an additional 14,010 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Dell Technologies in the second quarter worth about $8,869,000. Planning Directions Inc. bought a new position in Dell Technologies during the 2nd quarter worth about $310,000. Finally, Focus Partners Advisor Solutions LLC increased its position in Dell Technologies by 139.7% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,907 shares of the technology company’s stock valued at $725,000 after purchasing an additional 3,443 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,587,755 shares of company stock worth $649,644,973 in the last 90 days. 42.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DELL. Morgan Stanley upped their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Susquehanna lifted their price target on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Bank of America lifted their target price on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

Dell Technologies Price Performance

Shares of DELL stock opened at $162.04 on Monday. The stock’s fifty day moving average price is $140.24 and its 200 day moving average price is $125.03. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $167.94. The company has a market cap of $108.95 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

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).