1858 Wealth Management LLC Increases Stake in Dell Technologies Inc.

1858 Wealth Management LLC significantly increased its investment in Dell Technologies Inc. (NYSE: DELL - Free Report) by 270.6% during the fourth quarter, based on its latest filing with the Securities and Exchange Commission (SEC). Following this adjustment, the institutional investor currently holds 13,573 shares of Dell's stock after acquiring an additional 9,911 shares in the last quarter. Dell Technologies now comprises 1.2% of 1858 Wealth Management LLC's entire portfolio, marking it as the 23rd largest investment.

As of the most recent SEC filing, the value of 1858 Wealth Management LLC's holdings in Dell Technologies stood at approximately $1,564,000.

Other Institutional Investors' Moves

Several other hedge funds and institutional investors have also made changes to their positions in Dell Technologies. For instance, Greenwood Capital Associates LLC raised its holdings by 2.1%, with a total of 48,881 shares worth about $5,633,000 after acquiring an extra 1,015 shares in the fourth quarter. Mather Group LLC increased its stake significantly by 181.0%, now owning 489 shares valued at $56,000 after adding 315 shares in the last quarter.

Stephens Consulting LLC has also made notable changes, boosting its stake in Dell Technologies by a staggering 6,666.7% in the same period. They now possess 2,030 shares worth $234,000, following the acquisition of 2,000 additional shares. Similarly, Robbins Farley increased its investment by 0.4%, achieving a total of 34,156 shares currently valued at $3,936,000 after purchasing 124 additional shares last quarter. Meanwhile, Jennison Associates LLC raised its investment by 3.2%, amassing 1,165,754 shares of Dell Technologies valued at $134,341,000, which includes an additional purchase of 36,621 shares in the last quarter.

Currently, institutional investors collectively own 76.37% of Dell Technologies' stock.

Analysts' Insights

Several analysts have recently shared their perspectives about Dell Technologies. For example, Morgan Stanley elevated its target price for the stock from $136.00 to $154.00, rating it as "overweight". Following this, Evercore ISI reiterated an "outperform" rating with a price target of $150.00. Deutsche Bank adjusted its target price down from $144.00 to $142.00, while setting a "buy" rating. Wells Fargo & Company also raised its price target from $140.00 to $160.00, giving the company an "overweight" rating. Mizuho has, however, decreased their price objective slightly from $155.00 to $150.00 while maintaining an "outperform" rating. The consensus rating for Dell Technologies among analysts is labeled as "Moderate Buy" with a target price around $148.06.

Current Stock Performance

On Wednesday, Dell Technologies shares opened at $101.82. The company has experienced a 52-week low of $80.49 and a high of $179.70. Its 50-day moving average is $116.46 compared to a 200-day moving average of $117.74, along with a market capitalization of $71.32 billion. The price-to-earnings ratio is 17.99, with a PEG ratio of 1.10 and a beta of 0.90.

Financial Results

Dell Technologies reported its earnings on November 26, revealing $2.15 earnings per share (EPS), exceeding the consensus estimate of $1.83 by $0.32. The company's revenue for the last quarter reached $24.37 billion, while analysts had predicted $24.67 billion. Additionally, the company's revenue showed a year-over-year increase of 9.5%. For the current fiscal year, analysts expect Dell Technologies to post an EPS of 6.92.

Dividend Announcements

Recently, Dell Technologies declared a quarterly dividend, paid on January 31 to shareholders on record as of January 22, which amounted to $0.445 per share, translating to an annualized yield of 1.75%. The company's current dividend payout ratio is 31.45%.

Insider Transactions

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell's stock on January 8, receiving approximately $59,750,657.85 for this transaction, priced at an average of $119.73 per share. Hence, their ownership in Dell now stands at 810,657 shares, valued around $97,059,962.61, marking a decrease of 38.10%. Additionally, Director Radakovich Lynn Vojvodich sold 725 shares on November 15 at an average price of $132.28, totaling $95,903.00, further reducing their ownership.

About Dell Technologies Inc.

Dell Technologies Inc. specializes in designing, developing, manufacturing, marketing, selling, and supporting a wide range of integrated solutions, products, and services across the Americas, Europe, the Middle East, Asia, and globally. The company operates through two main segments: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

investment, stocks, dividends