Vestcor Inc Has $2.36 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Vestcor Inc reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,921 shares of the technology company's stock after selling 14,997 shares during the period. Vestcor Inc's holdings in Dell Technologies were worth $2,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DELL. Clean Yield Group purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies during the second quarter worth $28,000. True Wealth Design LLC boosted its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the period. Nemes Rush Group LLC acquired a new stake in Dell Technologies during the 2nd quarter valued at $33,000. Finally, Crewe Advisors LLC purchased a new stake in Dell Technologies during the 2nd quarter worth $34,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 1.6 %

DELL stock traded up $1.91 during mid-day trading on Wednesday, reaching $118.70. The company had a trading volume of 8,145,389 shares, compared to its average volume of 10,111,419. The stock's 50-day simple moving average is $128.08 and its two-hundred day simple moving average is $125.41. The stock has a market capitalization of $83.37 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.30 and a beta of 0.90. Dell Technologies Inc. has a one year low of $68.94 and a one year high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. Dell Technologies's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. Dell Technologies's payout ratio is 31.45%.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 1,032,968 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $113.67, for a total value of $117,417,472.56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares in the company, valued at $1,488,453,747.39. This represents a 7.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,409,903 shares of company stock valued at $1,737,563,234. Company insiders own 46.70% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. TD Cowen reduced their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.06.

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).