OneAscent Wealth Management LLC Decreases Holdings in Dell Technologies Inc. (NYSE:DELL)

OneAscent Wealth Management LLC lowered its position in Dell Technologies Inc. (NYSE:DELL) by 3.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,905 shares of the technology company’s stock after selling 112 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Dell Technologies were worth $331,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DELL. Massmutual Trust Co. FSB ADV boosted its position in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust boosted its position in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after acquiring an additional 122 shares during the last quarter. ORG Partners LLC boosted its position in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after acquiring an additional 140 shares during the last quarter. Eaton Financial Holdings Company LLC boosted its position in shares of Dell Technologies by 2.1% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after acquiring an additional 147 shares during the last quarter. Finally, Signet Financial Management LLC boosted its position in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock worth $842,917,457 in the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Down 1.1 %

NYSE DELL traded down $1.52 during trading on Friday, hitting $137.91. 20,573,566 shares of the stock traded hands, compared to its average volume of 20,408,352. The company has a market capitalization of $97.82 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The firm has a 50-day simple moving average of $138.43 and a 200-day simple moving average of $109.99. Dell Technologies Inc. has a 12-month low of $51.80 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DELL. Sanford C. Bernstein raised their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Barclays reduced their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. Bank of America boosted their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen lifted their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Finally, Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

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).