ORG Wealth Partners LLC Buys New Stake in Dell Technologies Inc. (NYSE:DELL)

11 Jan 2025, 10:26 by Mitch Edgeman · The Markets Daily

ORG Wealth Partners LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 709 shares of the technology company’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies during the third quarter worth $25,000. True Wealth Design LLC lifted its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the second quarter valued at about $33,000. MCF Advisors LLC raised its stake in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Read Our Latest Report on DELL

Dell Technologies Stock Down 3.7 %

DELL stock opened at $114.91 on Friday. The stock has a market capitalization of $80.71 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 52 week low of $76.90 and a 52 week high of $179.70. The firm has a 50-day simple moving average of $125.51 and a 200-day simple moving average of $121.49.

Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company posted $1.62 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 946,132 shares of company stock worth $115,666,897. 46.70% of the stock is owned by insiders.

Dell Technologies Company Profile

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