Occidental Asset Management LLC Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Occidental Asset Management LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,885 shares of the technology company’s stock after purchasing an additional 2,942 shares during the period. Occidental Asset Management LLC’s holdings in Dell Technologies were worth $3,444,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Carnegie Investment Counsel lifted its stake in shares of Dell Technologies by 40.8% in the 4th quarter. Carnegie Investment Counsel now owns 81,330 shares of the technology company’s stock worth $9,372,000 after purchasing an additional 23,577 shares during the period. Gateway Investment Advisers LLC raised its position in Dell Technologies by 3.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 62,020 shares of the technology company’s stock worth $7,147,000 after acquiring an additional 2,219 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Dell Technologies by 40.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,862 shares of the technology company’s stock worth $4,017,000 after acquiring an additional 10,060 shares during the last quarter. Foresight Capital Management Advisors Inc. grew its position in shares of Dell Technologies by 10.0% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 16,018 shares of the technology company’s stock valued at $1,846,000 after acquiring an additional 1,458 shares during the period. Finally, HCR Wealth Advisors increased its stake in shares of Dell Technologies by 2.8% in the 4th quarter. HCR Wealth Advisors now owns 15,347 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 425 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DELL shares. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $110.17 on Friday. The stock’s fifty day moving average is $124.04 and its 200 day moving average is $120.75. The firm has a market capitalization of $77.17 billion, a PE ratio of 19.46, a PEG ratio of 1.21 and a beta of 0.92. Dell Technologies Inc. has a fifty-two week low of $76.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $1.62 EPS. Equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s 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 in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock valued at $115,573,009 in the last 90 days. Company 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).