First City Capital Management Inc. Invests $204,000 in Dell Technologies Inc. (NYSE:DELL)

First City Capital Management Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,479 shares of the technology company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently modified their holdings of DELL. Frank Rimerman Advisors LLC acquired a new position in Dell Technologies during the second quarter worth about $1,545,000. Holderness Investments Co. boosted its stake in shares of Dell Technologies by 44.8% during the 2nd quarter. Holderness Investments Co. now owns 18,514 shares of the technology company’s stock worth $2,553,000 after acquiring an additional 5,730 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Dell Technologies by 45.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 31,778 shares of the technology company’s stock worth $4,383,000 after acquiring an additional 9,858 shares during the period. Transatlantique Private Wealth LLC increased its stake in Dell Technologies by 7.4% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 3,298 shares of the technology company’s stock valued at $445,000 after purchasing an additional 227 shares in the last quarter. Finally, Thames Capital Management LLC acquired a new position in Dell Technologies during the second quarter worth $13,068,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock worth $840,653,193 in the last quarter. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $117.50 on Friday. The company has a market cap of $83.34 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90. The business has a fifty day simple moving average of $111.30 and a 200-day simple moving average of $124.31. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

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

Dell Technologies Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Raymond James lowered their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $139.19.

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).