Dell Technologies Inc. $DELL Stock: Woodmont Investment Counsel LLC Decreases Position

Woodmont Investment Counsel LLC lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,704 shares of the technology company’s stock after selling 5,259 shares during the period. Dell Technologies makes up 1.9% of Woodmont Investment Counsel LLC’s portfolio, making the stock its 13th biggest position. Woodmont Investment Counsel LLC’s holdings in Dell Technologies were worth $35,345,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DELL. Noble Wealth Management PBC increased its holdings in Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC raised its position in Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Premier Financial Group acquired a new position in shares of Dell Technologies during the second quarter worth about $34,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the second quarter worth about $38,000. Finally, Retirement Wealth Solutions LLC lifted its stake in shares of Dell Technologies by 41.3% during the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock worth $48,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $423.63 on Monday. The company’s fifty day moving average price is $513.74 and its two-hundred day moving average price is $330.29. The firm has a market capitalization of $269.35 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.44 and a beta of 1.45. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s revenue was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DELL. Morgan Stanley increased their target price on Dell Technologies from $499.00 to $511.00 and gave the company an “equal weight” rating in a research note on Monday, September 21st. Truist Financial raised their target price on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. US Capital Advisors set a $625.00 price target on Dell Technologies in a research report on Wednesday, September 2nd. Cantor Fitzgerald initiated coverage on Dell Technologies in a report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Daiwa Securities Group increased their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Insider Activity

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of Dell Technologies stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the sale, the director directly owned 1,404,569 shares in the company, valued at $823,639,261.60. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total value of $930,120.00. Following the completion of the transaction, the director directly owned 25,686 shares in the company, valued at approximately $11,815,560. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,819,650 shares of company stock worth $991,183,596 over the last quarter. Corporate insiders own 41.50% of the company’s stock.

About Dell Technologies

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.