180 Wealth Advisors LLC Purchases New Position in Dell Technologies Inc. $DELL

180 Wealth Advisors LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,688 shares of the technology company’s stock, valued at approximately $207,000.

Several other institutional investors also recently bought and sold shares of the stock. Carnegie Investment Counsel purchased a new position in Dell Technologies during the second quarter valued at approximately $226,000. Avion Wealth raised its position in Dell Technologies by 514.8% during the second quarter. Avion Wealth now owns 375 shares of the technology company’s stock valued at $45,000 after acquiring an additional 314 shares in the last quarter. KPP Advisory Services LLC purchased a new position in Dell Technologies during the second quarter valued at approximately $313,000. Canal Insurance CO grew its holdings in Dell Technologies by 28.6% in the second quarter. Canal Insurance CO now owns 90,000 shares of the technology company’s stock valued at $11,034,000 after purchasing an additional 20,000 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in Dell Technologies by 18.4% in the second quarter. Bleakley Financial Group LLC now owns 12,193 shares of the technology company’s stock valued at $1,495,000 after purchasing an additional 1,894 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,617,755 shares of company stock worth $653,694,973. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $158.67 on Friday. The business’s 50 day moving average price is $137.17 and its 200-day moving average price is $121.69. The firm has a market capitalization of $106.68 billion, a PE ratio of 23.33, a P/E/G ratio of 1.08 and a beta of 1.05. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Analyst Ratings Changes

Several analysts have commented on DELL shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a report on Friday. Susquehanna raised their price objective on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Daiwa Capital Markets raised their price objective on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Finally, Piper Sandler started coverage on Dell Technologies in a report on Tuesday. They issued an “overweight” rating and a $172.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

About Dell Technologies

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).