Empowered Funds LLC Acquires 19,610 Shares of Dell Technologies Inc. (NYSE:DELL)

Empowered Funds LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 268.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,918 shares of the technology company’s stock after buying an additional 19,610 shares during the quarter. Empowered Funds LLC’s holdings in Dell Technologies were worth $3,191,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Clean Yield Group acquired a new position in Dell Technologies in the 3rd quarter valued at approximately $25,000. Accordant Advisory Group Inc bought a new position in Dell Technologies in the second quarter worth $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter worth $30,000. Nemes Rush Group LLC bought a new stake in Dell Technologies in the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $34,000. 38.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % 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 hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Mizuho started coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Bank of America upped their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Raymond James dropped their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.88.

Dell Technologies Stock Up 3.4 %

Shares of DELL stock opened at $136.05 on Tuesday. The firm has a market capitalization of $95.56 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a fifty day moving average of $123.63 and a 200-day moving average of $126.55.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

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).