Mercer Global Advisors Inc. ADV Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Mercer Global Advisors Inc. ADV lifted its position in Dell Technologies Inc. (NYSE:DELL) by 12.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,079 shares of the technology company’s stock after acquiring an additional 5,979 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Dell Technologies were worth $7,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp acquired a new stake in shares of Dell Technologies in the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV boosted its holdings in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies during the 1st quarter valued at about $30,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of Dell Technologies in the first quarter worth about $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on DELL shares. UBS Group reduced their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen decreased their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Mizuho assumed coverage on Dell Technologies in a research report on Tuesday. They set an “outperform” rating and a $135.00 target price on the stock. Finally, Morgan Stanley lowered their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Dell Technologies Price Performance

Dell Technologies stock opened at $117.52 on Friday. The stock has a market cap of $83.36 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The firm has a 50 day simple moving average of $111.30 and a 200-day simple moving average of $124.26. Dell Technologies Inc. has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In related news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The disclosure for this sale can be found here. Insiders sold a total of 7,297,857 shares of company stock worth $840,653,193 over the last three months. 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).