Independence Bank of Kentucky Takes $86,000 Position in Dell Technologies Inc. (NYSE:DELL)

Independence Bank of Kentucky acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 750 shares of the technology company’s stock, valued at approximately $86,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DELL. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Greenleaf Trust grew its position in shares of Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares during the last quarter. ORG Partners LLC grew its position in shares of Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares during the last quarter. Eaton Financial Holdings Company LLC grew its position in shares of Dell Technologies by 2.1% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after buying an additional 147 shares during the last quarter. Finally, Signet Financial Management LLC grew its position in shares of Dell Technologies by 0.4% in the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after buying an additional 153 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 1.1 %

Shares of NYSE DELL traded down $1.52 during midday trading on Friday, hitting $137.91. The company had a trading volume of 20,573,566 shares, compared to its average volume of 20,408,352. The firm has a market capitalization of $97.82 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The business has a 50-day simple moving average of $138.43 and a two-hundred day simple moving average of $109.99. Dell Technologies Inc. has a twelve month low of $51.80 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. On average, equities analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.29%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Transactions at Dell Technologies

In other news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock worth $842,917,457 over the last ninety days. 46.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Citigroup increased their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein raised their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. UBS Group raised their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, TD Cowen raised their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

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).