Burling Wealth Partners LLC Invests $1.13 Million in Dell Technologies Inc. (NYSE:DELL)

Burling Wealth Partners LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,828 shares of the technology company's stock, valued at approximately $1,133,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burns J W & Co. Inc. NY acquired a new position in Dell Technologies in the fourth quarter valued at about $1,272,000. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at about $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $848,000. Empowered Funds LLC increased its stake in Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock worth $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $7,435,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Dell Technologies stock traded up $0.61 during midday trading on Friday, reaching $95.01. 4,465,476 shares of the company's stock were exchanged, compared to its average volume of 10,390,362. The stock's 50-day simple moving average is $93.29 and its 200 day simple moving average is $111.25. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.21%. Dell Technologies's payout ratio is presently 33.76%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Citigroup dropped their price target on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $136.41.

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).