Shorepath Capital Management LLC Reduces Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Shorepath Capital Management LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,313 shares of the technology company’s stock after selling 11,934 shares during the quarter. Dell Technologies accounts for about 6.2% of Shorepath Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Shorepath Capital Management LLC’s holdings in Dell Technologies were worth $7,909,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $34,000. Jones Financial Companies Lllp acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL traded down $4.53 during mid-day trading on Wednesday, hitting $135.82. 5,926,641 shares of the company’s stock were exchanged, compared to its average volume of 9,910,883. The company has a 50-day simple moving average of $137.18 and a 200 day simple moving average of $109.10. The company has a market cap of $96.34 billion, a PE ratio of 28.21, a P/E/G ratio of 1.74 and a beta of 0.85. Dell Technologies Inc. has a 52 week low of $50.85 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. On average, analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.31%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent research reports. UBS Group boosted their target price on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Barclays cut their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company increased their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Bank of America upped their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Citigroup boosted their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Insider Buying and Selling

In related news, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,246,728 shares of company stock worth $842,917,457. Insiders own 46.70% of the company’s stock.

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).