ACR Alpine Capital Research LLC Sells 2,247 Shares of Dell Technologies Inc. $DELL

ACR Alpine Capital Research LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,395 shares of the technology company’s stock after selling 2,247 shares during the period. Dell Technologies makes up 0.2% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 18th biggest holding. ACR Alpine Capital Research LLC’s holdings in Dell Technologies were worth $12,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies during the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. increased its stake in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Up 2.3%

Shares of NYSE DELL opened at $162.30 on Tuesday. The company has a market capitalization of $109.12 billion, a PE ratio of 23.87, a PEG ratio of 1.08 and a beta of 1.05. The stock’s 50 day moving average price is $137.66 and its 200-day moving average price is $122.50. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business had revenue of $26.43 billion for 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. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.3%. Dell Technologies’s dividend payout ratio is presently 30.88%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DELL shares. Barclays raised their price objective on shares of Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Morgan Stanley boosted their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Daiwa Capital Markets raised their target price on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, Evercore ISI upped their price target on Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $161.80.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the transaction, the director directly owned 65,662 shares in the company, valued at $10,083,056.72. The trade was a 54.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director owned 47,619 shares of the company’s stock, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,587,755 shares of company stock valued at $649,644,973 in the last three months. 42.00% of the stock is 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).