Kingswood Wealth Advisors LLC Lowers Position in Dell Technologies Inc. (NYSE:DELL)

Kingswood Wealth Advisors LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 9.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,937 shares of the technology company’s stock after selling 2,329 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Dell Technologies were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DELL. Clean Yield Group bought a new position in Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in Dell Technologies in the second quarter worth about $33,000. True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $37,000. Finally, MCF Advisors LLC raised its stake in shares of 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 in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $113.66 on Monday. The company has a 50-day moving average of $120.76 and a 200 day moving average of $119.22. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s payout ratio is 31.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Activity at Dell Technologies

In related news, 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 transaction of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is owned by company 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).