Farmers & Merchants Investments Inc. Sells 315 Shares of Dell Technologies Inc. (NYSE:DELL)

Farmers & Merchants Investments Inc. lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,885 shares of the technology company’s stock after selling 315 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Dell Technologies were worth $11,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DELL. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the fourth quarter worth about $28,000. True Wealth Design LLC increased its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC boosted its position in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares during the last quarter. Covestor Ltd grew its stake in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Citigroup decreased their price target 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. Melius Research boosted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $106.45 on Friday. The company has a 50 day moving average price of $114.90 and a 200-day moving average price of $117.40. Dell Technologies Inc. has a 1-year low of $80.49 and a 1-year high of $179.70. The firm has a market cap of $74.56 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate 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 revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.62 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.67%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

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).