Fiduciary Financial Group LLC Purchases Shares of 2,600 Dell Technologies Inc. (NYSE:DELL)

Fiduciary Financial Group LLC bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,600 shares of the technology company's stock, valued at approximately $298,000.

A number of other institutional investors also recently modified their holdings of DELL. Intrepid Financial Planning Group LLC raised its holdings in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock worth $1,423,000 after acquiring an additional 80 shares in the last quarter. Smithfield Trust Co raised its stake in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC grew its stake in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock valued at $247,000 after buying an additional 86 shares in the last quarter. Affinity Wealth Management LLC increased its holdings in Dell Technologies by 2.5% in the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock worth $422,000 after buying an additional 87 shares during the last quarter. Finally, ASB Consultores LLC raised its position in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Citigroup decreased their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, December 2nd. Barclays increased their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This represents a 38.10 % 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 Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 over the last ninety days. 46.70% of the stock is owned by company insiders.

Dell Technologies Trading Up 0.9 %

NYSE:DELL traded up $0.94 during trading hours on Thursday, hitting $110.17. 6,067,514 shares of the company traded hands, compared to its average volume of 7,303,308. Dell Technologies Inc. has a twelve month low of $76.90 and a twelve month high of $179.70. The firm has a 50-day moving average of $124.04 and a 200 day moving average of $120.75. The stock has a market capitalization of $77.17 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is presently 31.45%.

About Dell Technologies

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).