Viawealth LLC Buys 711 Shares of Dell Technologies Inc. (NYSE:DELL)

Viawealth LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,762 shares of the technology company’s stock after buying an additional 711 shares during the quarter. Viawealth LLC’s holdings in Dell Technologies were worth $1,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC raised its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Versant Capital Management Inc raised its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the 4th quarter valued at $37,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 2.4 %

Shares of NYSE DELL opened at $98.73 on Thursday. The business’s 50 day moving average price is $106.34 and its two-hundred day moving average price is $116.82. The company has a market cap of $69.15 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred 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 sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DELL shares. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup decreased their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Mizuho decreased their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

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).