Shelton Wealth Management LLC Invests $1.01 Million in Dell Technologies Inc. (NYSE:DELL)

Shelton Wealth Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,749 shares of the technology company's stock, valued at approximately $1,008,000.

A number of other hedge funds have also recently modified their holdings of DELL. Clean Yield Group acquired a new position in Dell Technologies during the third quarter worth approximately $25,000. True Wealth Design LLC grew its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $33,000. MCF Advisors LLC raised its position in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after purchasing an additional 165 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock worth $35,000 after purchasing an additional 218 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent research reports. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Morgan Stanley increased their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Mizuho decreased their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $148.06.

Dell Technologies Trading Down 0.4 %

Shares of NYSE:DELL traded down $0.46 during midday trading on Friday, hitting $109.65. 6,331,153 shares of the stock were exchanged, compared to its average volume of 5,041,827. Dell Technologies Inc. has a twelve month low of $77.70 and a twelve month high of $179.70. The company has a 50 day moving average price of $123.00 and a 200-day moving average price of $120.45. The stock has a market cap of $76.81 billion, a P/E ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business 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 $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. Dell Technologies's dividend payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,573,009 over the last quarter. Insiders own 46.70% of the company's stock.

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).