Farmers & Merchants Investments Inc. Lowers Stake in Dell Technologies Inc. (NYSE:DELL)

Farmers & Merchants Investments Inc. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 102,885 shares of the technology company’s stock after selling 315 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Dell Technologies were worth $11,856,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $28,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. MCF Advisors LLC grew 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 buying an additional 165 shares in the last quarter. Covestor Ltd raised its holdings in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 810,657 shares in the company, valued at $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 946,132 shares of company stock worth $115,660,009 in the last quarter. Insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of recent research reports. Barclays increased their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research increased 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL opened at $106.45 on Friday. The stock has a market capitalization of $74.56 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 0.91 and a beta of 0.90. The stock has a fifty day moving average of $114.90 and a 200-day moving average of $117.40. Dell Technologies Inc. has a 52 week low of $80.49 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last posted 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 company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the firm posted $1.62 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

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).