Belmont Capital LLC Takes $889,000 Position in Dell Technologies Inc. (NYSE:DELL)

Belmont Capital LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,500 shares of the technology company's stock, valued at approximately $889,000.

Other large investors also recently bought and sold shares of the company. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc bought a new stake in Dell Technologies during the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies during the 1st quarter valued at $30,000. Nemes Rush Group LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $34,000. Institutional investors own 38.10% of the company's stock.

Dell Technologies Stock Down 0.1 %

Shares of NYSE:DELL traded down $0.16 on Tuesday, reaching $135.85. The company had a trading volume of 5,306,196 shares, compared to its average volume of 10,044,921. Dell Technologies Inc. has a twelve month low of $67.51 and a twelve month high of $179.70. The stock has a 50-day moving average price of $124.21 and a 200 day moving average price of $126.62. The stock has a market capitalization of $95.42 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analysts' expectations of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business's quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on DELL shares. Barclays lifted their target price on Dell Technologies from $97.00 to $106.00 and gave the company an "equal weight" rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research report on Friday, September 27th. They set a "buy" rating and a $144.00 target price on the stock. Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $145.88.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the insider now directly owns 73,263 shares of the company's stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,954,112 shares of company stock valued at $2,113,449,139. Insiders own 46.70% of the company's stock.

Dell Technologies 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).