Lineweaver Wealth Advisors LLC Sells 916 Shares of Dell Technologies Inc. (NYSE:DELL)

Lineweaver Wealth Advisors LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,396 shares of the technology company’s stock after selling 916 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Dell Technologies were worth $1,544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Optimist Retirement Group LLC grew its position in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $1,920,000. State of Alaska Department of Revenue bought a new position in shares of Dell Technologies in the third quarter worth approximately $3,959,000. Patriot Financial Group Insurance Agency LLC raised its stake in Dell Technologies by 38.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,025 shares of the technology company’s stock valued at $359,000 after purchasing an additional 838 shares in the last quarter. Finally, Hunter Associates Investment Management LLC lifted its position in Dell Technologies by 4.4% during the third quarter. Hunter Associates Investment Management LLC now owns 3,612 shares of the technology company’s stock valued at $424,000 after purchasing an additional 151 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 4.6 %

Shares of Dell Technologies stock opened at $115.72 on Thursday. The firm has a market cap of $81.06 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company’s fifty day simple moving average is $112.91 and its two-hundred day simple moving average is $118.19. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the previous year, the business earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid 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 1.54%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred 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 transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock worth $114,418,186 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Dell Technologies 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).