Rep. Marjorie Taylor Greene Buys Dell Technologies Inc. (NYSE:DELL) Stock

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Dell Technologies Inc. NYSE: DELL. In a filing disclosed on November 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Dell Technologies stock on November 7th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Southern NYSE: SO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Tractor Supply NASDAQ: TSCO on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Blackstone NYSE: BX on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 11/7/2024.
• Purchased $1,001 - $15,000 in shares of Palo Alto Networks NASDAQ: PANW on 11/7/2024.

Dell Technologies Stock Performance

DELL stock traded down $2.00 during midday trading on Tuesday, reaching $136.51. 6,661,039 shares of the company's stock traded hands, compared to its average volume of 10,157,844. The firm has a market capitalization of $95.88 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The company has a 50-day moving average price of $120.86 and a two-hundred day moving average price of $126.17.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.30%. Dell Technologies's dividend payout ratio (DPR) is presently 32.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Citigroup upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a research report on Tuesday, September 17th. They set an "outperform" rating and a $135.00 target price on the stock. Susquehanna began coverage on Dell Technologies in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, Barclays upped their price target 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.63.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 directly owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company's stock, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company's stock, valued at $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Company insiders own 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dell Technologies by 22.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company's stock valued at $15,482,000 after acquiring an additional 25,117 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $104,000. National Pension Service lifted its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock valued at $73,543,000 after buying an additional 50,304 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in Dell Technologies in the third quarter worth $5,780,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dell Technologies by 31.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company's stock worth $740,000 after purchasing an additional 1,539 shares during the period. 38.10% of the stock is currently owned by institutional investors.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor's degree in business administration from the University of Georgia. Greene's career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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).