Woodmont Investment Counsel LLC Cuts Stock Holdings in Dell Technologies Inc. $DELL

Woodmont Investment Counsel LLC decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 13.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,863 shares of the technology company’s stock after selling 11,468 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Dell Technologies were worth $10,046,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in Dell Technologies by 3.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,829 shares of the technology company’s stock worth $259,000 after purchasing an additional 63 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Dell Technologies by 2.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,559 shares of the technology company’s stock worth $504,000 after purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Dell Technologies by 33.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 325 shares of the technology company’s stock valued at $46,000 after buying an additional 82 shares in the last quarter. Asset Dedication LLC raised its holdings in Dell Technologies by 2.0% in the 2nd quarter. Asset Dedication LLC now owns 4,318 shares of the technology company’s stock valued at $529,000 after acquiring an additional 84 shares during the last quarter. Finally, HM Payson & Co. raised its stake in Dell Technologies by 2.7% during the third quarter. HM Payson & Co. now owns 3,221 shares of the technology company’s stock worth $457,000 after purchasing an additional 85 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the sale, the director directly owned 1,172,428 shares in the company, valued at $161,935,755.36. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Argus raised their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Mizuho raised their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on Dell Technologies in a research note on Tuesday, January 13th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Daiwa Capital Markets upped their price target on shares of Dell Technologies from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.26.

Dell Technologies Stock Performance

Shares of DELL opened at $114.39 on Monday. The company has a market capitalization of $75.81 billion, a PE ratio of 15.25, a PEG ratio of 0.76 and a beta of 1.03. The company’s 50 day moving average price is $126.00 and its 200 day moving average price is $133.39. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $168.08.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The company had revenue of $27.01 billion during the quarter, compared to analysts’ expectations of $27.26 billion. During the same period in the prior year, the company earned $2.15 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, January 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 28.00%.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.