RWA Wealth Partners LLC Sells 988 Shares of Dell Technologies Inc. (NYSE:DELL)

RWA Wealth Partners LLC trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,532 shares of the technology company’s stock after selling 988 shares during the period. RWA Wealth Partners LLC’s holdings in Dell Technologies were worth $15,042,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vision Financial Markets LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the fourth quarter worth $28,000. True Wealth Design LLC boosted its holdings in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Dell Technologies by 54.7% during 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 period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research reports. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $92.35 on Friday. The company has a market cap of $64.68 billion, a P/E ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83. The stock’s fifty day moving average price is $104.31 and its 200-day moving average price is $116.28. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.27%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Buying and Selling

In other 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock valued at $100,327,453 over 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).