Northern Financial Advisors Inc Sells 180 Shares of Dell Technologies Inc. (NYSE:DELL)

Northern Financial Advisors Inc lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,189 shares of the technology company’s stock after selling 180 shares during the period. Northern Financial Advisors Inc’s holdings in Dell Technologies were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DELL. Exchange Traded Concepts LLC grew its position in shares of Dell Technologies by 1,290.7% during the third quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock worth $602,000 after purchasing an additional 4,711 shares in the last quarter. Creative Planning grew its holdings in Dell Technologies by 16.8% during the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company’s stock valued at $11,435,000 after buying an additional 14,217 shares in the last quarter. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Dell Technologies by 10.1% during the third quarter. Vontobel Holding Ltd. now owns 123,696 shares of the technology company’s stock worth $14,663,000 after acquiring an additional 11,350 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Dell Technologies during the third quarter valued at $242,000. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,564,106 in the last three months. Company insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DELL shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. JPMorgan Chase & Co. dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $110.31 on Friday. The business has a 50 day simple moving average of $113.66 and a two-hundred day simple moving average of $117.15. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The firm has a market capitalization of $77.27 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate 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 prior year, the company posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors 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 dividend on an annualized basis and a yield of 1.61%. Dell Technologies’s payout ratio is 31.45%.

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).