Callan Family Office LLC Acquires New Holdings in Dell Technologies Inc. $DELL

Callan Family Office LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,624 shares of the technology company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DELL. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC acquired a new position in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after acquiring an additional 222 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. TD Cowen lifted their target price on Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their target price on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

Dell Technologies Trading Up 1.9%

Shares of DELL opened at $153.42 on Tuesday. The business’s 50-day moving average price is $134.44 and its 200 day moving average price is $117.53. The stock has a market capitalization of $103.16 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies’s dividend payout ratio is presently 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, Director William D. Green sold 42,736 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the sale, the director owned 47,619 shares in the company, valued at $7,619,040. This represents a 47.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The disclosure for this sale can be found here. Insiders sold a total of 4,561,318 shares of company stock worth $644,276,880 in the last quarter. 42.00% of the stock is currently owned by corporate insiders.

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).