Citizens National Bank Trust Department Increases Stock Position in Dell Technologies Inc. (NYSE:DELL)

Citizens National Bank Trust Department raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,289 shares of the technology company’s stock after acquiring an additional 3,448 shares during the quarter. Citizens National Bank Trust Department’s holdings in Dell Technologies were worth $2,223,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DELL. Intrepid Financial Planning Group LLC boosted its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co raised its position in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC boosted its holdings in Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the period. ASB Consultores LLC boosted its stake in shares of Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares during the period. Finally, Equitable Trust Co. grew its stake in Dell Technologies by 3.1% in the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DELL. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Finally, Wells Fargo & Company raised their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.65.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,564,106 in the last quarter. Insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $120.96 on Thursday. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The firm has a market capitalization of $84.73 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. The business has a 50 day simple moving average of $113.06 and a 200-day simple moving average of $117.38.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping 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 the consensus estimate of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

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).