Dell Technologies (NYSE:DELL) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Dell Technologies Inc. (NYSE:DELL). In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in Dell Technologies stock on January 2nd.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) on 1/8/2025.
• Sold $15,001 – $50,000 in shares of iShares MSCI Eurozone ETF (BATS:EZU) on 1/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/8/2025.
• Purchased $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 1/2/2025.

Dell Technologies Price Performance

Shares of DELL opened at $103.84 on Friday. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70. The business has a fifty day moving average of $118.15 and a 200 day moving average of $118.31. The firm has a market capitalization of $72.74 billion, a P/E ratio of 18.35, a PEG ratio of 1.09 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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 analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. Analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.71%. Dell Technologies’s payout ratio is 31.45%.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in shares of Dell Technologies in the 2nd quarter worth about $470,000. The Manufacturers Life Insurance Company raised its position in Dell Technologies by 9.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company’s stock valued at $3,111,000 after purchasing an additional 1,902 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Dell Technologies by 15.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 3,865 shares of the technology company’s stock valued at $533,000 after purchasing an additional 519 shares during the last quarter. Truist Financial Corp increased its position in shares of Dell Technologies by 62.7% during the 2nd quarter. Truist Financial Corp now owns 95,735 shares of the technology company’s stock valued at $13,203,000 after purchasing an additional 36,908 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Dell Technologies by 122.8% during the 2nd quarter. Cetera Investment Advisers now owns 184,183 shares of the technology company’s stock valued at $25,401,000 after buying an additional 101,519 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DELL. Mizuho decreased their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Melius Research lifted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $148.06.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock worth $115,660,009 over the last three months. 46.70% of the stock is owned by insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About Dell Technologies

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).