Western Wealth Management LLC Makes New $260,000 Investment in Dell Technologies Inc. (NYSE:DELL)

Western Wealth Management LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,887 shares of the technology company’s stock, valued at approximately $260,000.

A number of other hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV increased 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 acquiring an additional 82 shares during the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the first quarter valued at $30,000. Central Bank & Trust Co. purchased a new position in shares of Dell Technologies during the 1st quarter worth about $34,000. Finally, Bangor Savings Bank raised its position in Dell Technologies by 117.0% in the 2nd quarter. Bangor Savings Bank now owns 306 shares of the technology company’s stock worth $42,000 after purchasing an additional 165 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,205,052 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares of the company’s stock, valued at approximately $3,526,705,689.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,058,131 shares of company stock worth $963,293,619. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL traded down $0.78 during midday trading on Monday, reaching $110.52. 3,903,444 shares of the stock traded hands, compared to its average volume of 10,262,780. The business has a 50-day moving average of $125.88 and a two-hundred day moving average of $120.88. The stock has a market capitalization of $78.39 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. Dell Technologies Inc. has a 12-month low of $53.62 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Research 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 was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on DELL shares. TD Cowen upped their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Bank of America lifted 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. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday. Loop Capital upped their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Sanford C. Bernstein boosted their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $132.06.

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).