Dell Technologies Inc. (NYSE:DELL) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its stake in Dell Technologies Inc. (NYSE:DELL) by 22.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,194 shares of the technology company’s stock after purchasing an additional 581 shares during the period. OneAscent Financial Services LLC’s holdings in Dell Technologies were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the second quarter worth about $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter worth about $30,000. Nemes Rush Group LLC acquired a new stake in Dell Technologies during the second quarter worth about $33,000. Finally, Crewe Advisors LLC acquired a new stake in Dell Technologies during the second quarter worth about $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Insider Buying and Selling

In related news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $136.05 on Tuesday. The firm has a 50 day simple moving average of $123.63 and a 200-day simple moving average of $126.55. The stock has a market capitalization of $95.56 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. On average, analysts forecast that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Bank of America increased their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Barclays raised their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Susquehanna started coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Raymond James dropped their price target 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.88.

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).