Venturi Wealth Management LLC Lowers Stock Position in Dell Technologies Inc. (NYSE:DELL)

Venturi Wealth Management LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 40.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,849 shares of the technology company's stock after selling 3,244 shares during the quarter. Venturi Wealth Management LLC's holdings in Dell Technologies were worth $559,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DELL. Creative Planning increased its position in shares of Dell Technologies by 16.8% in the third quarter. Creative Planning now owns 98,961 shares of the technology company's stock valued at $11,435,000 after acquiring an additional 14,217 shares during the last quarter. Optimist Retirement Group LLC raised its holdings in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after acquiring an additional 463 shares in the last quarter. Blue Trust Inc. grew its position in Dell Technologies by 132.1% in the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company's stock valued at $167,000 after acquiring an additional 802 shares during the last quarter. OLD National Bancorp IN increased its position in Dell Technologies by 19.2% during the 3rd quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company's stock worth $256,000 after purchasing an additional 348 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Dell Technologies by 536.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company's stock valued at $32,815,000 after acquiring an additional 233,313 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Performance

Shares of DELL traded down $2.21 on Friday, reaching $117.68. The stock had a trading volume of 3,402,675 shares, compared to its average volume of 8,219,475. The firm has a market capitalization of $82.43 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a 50-day simple moving average of $113.12 and a 200-day simple moving average of $117.42. Dell Technologies Inc. has a 12-month low of $85.40 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DELL. Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the stock 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. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Citigroup cut their price target on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $145.00.

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).