M3 Advisory Group LLC Purchases 180 Shares of Dell Technologies Inc. $DELL

M3 Advisory Group LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,228 shares of the technology company’s stock after acquiring an additional 180 shares during the period. M3 Advisory Group LLC’s holdings in Dell Technologies were worth $518,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $27,000. Flaharty Asset Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of 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. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $150.67 on Monday. The stock has a market capitalization of $101.31 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10. The company has a 50-day simple moving average of $133.98 and a two-hundred day simple moving average of $117.11.

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

Dell Technologies Announces Dividend

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

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold 4,734,418 shares of company stock valued at $666,089,211 over the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of research reports. Barclays lifted their target price 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. Mizuho lifted their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen boosted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Susquehanna boosted their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.79.

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).