CFO Yvonne Mcgill Sells Shares of Dell Technologies

Dell Technologies Inc. (NYSE:DELL) has recently made headlines as Chief Financial Officer Yvonne Mcgill sold 8,000 shares of the company's stock on Friday, November 22nd. This sale occurred at an average price of $143.24 per share, totaling approximately $1,145,920 for the transaction.

Post-sale, Mcgill retains ownership of 236,419 shares, which are valued at around $33,864,657.56. This transaction represents a 3.27% reduction in her stake in the company. The details of this sale have been officially disclosed in a filing with the Securities and Exchange Commission (SEC).

Market Reaction and Stock Performance

After the transaction was announced, Dell Technologies shares saw a decline of 1.7%. During trading on Tuesday, the stock fell by $2.42, reaching a price of $141.74. The volume of shares traded was 8,998,771, slightly lower than the average of 10,003,826 shares over recent periods. Dell's stock has experienced notable volatility, with a 12-month low of $67.51 and a high of $179.70. Currently, its fifty-day moving average is $126.42, while the two-hundred-day moving average stands at $126.91. The company's overall market capitalization is approximately $99.56 billion, with a price-to-earnings (P/E) ratio of 26.39, P/E/G ratio of 1.52, and a beta of 0.89.

Latest Earnings Report

On November 26th, Dell Technologies reported its latest earnings results, showcasing an earnings per share (EPS) of $2.15 for the quarter. This figure exceeded analysts' expectations, which averaged $1.83, representing a positive variance of $0.32. However, Dell's revenue for the quarter was reported at $24.37 billion, slightly below the anticipated $24.67 billion. In comparison to the previous year, revenue increased by 9.5% despite posting an EPS of $1.62 during the same quarter last year. Analysts forecast that Dell Technologies will achieve an EPS of 6.91 for the current year.

Dividend Information

Recently, Dell Technologies announced a quarterly dividend, which was distributed on November 1st. Shareholders registered as of October 22nd received a dividend of $0.445 per share. This payment amounts to an annualized dividend of $1.78, reflecting a dividend yield of 1.26%. The payout ratio for Dell Technologies stands at 32.72%.

Analyst Insights

Several financial research companies have analyzed Dell Technologies recently. Mizuho initiated coverage on Dell, providing an 'outperform' rating alongside a price target of $135.00. Conversely, UBS Group lowered their target price from $164.00 to $158.00 while maintaining a 'buy' rating. Deutsche Bank started coverage with a 'buy' rating and a $144.00 price objective. Citigroup raised their price target from $155.00 to $160.00 while issuing a 'buy' rating. Wells Fargo also increased their target price from $140.00 to $160.00, giving it an 'overweight' rating. Presently, the stock holds a 'Moderate Buy' rating, with an average target price estimated at $146.50 from various investment analysts.

Institutional Investments

A variety of hedge funds and institutional investors have adjusted their stakes in Dell Technologies. For instance, the National Pension Service enhanced its holdings by 8.8% in the third quarter, totaling 620,406 shares valued at $73,543,000. New stakes were acquired by Woodmont Investment Counsel LLC, valued at around $5,780,000, and Harvey Capital Management valued at approximately $2,848,000. Chicago Capital LLC increased its position by 3.7%, climbing to 121,466 shares valued at $14,399,000. Notably, Tidal Investments LLC significantly raised its stake by 114.2% in the first quarter. Currently, institutional investors hold about 38.10% of Dell's stock.

About Dell Technologies

Dell Technologies Inc. specializes in designing, developing, manufacturing, marketing, selling, and supporting comprehensive integrated solutions and products globally. The company is structured into two key segments: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

Dell, stock, CFO, transaction, dividend, earnings, analyst, investment