Dell Inc. (NYSE:DELL) has received an average rating of “Hold” from the twenty brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $60.41.
Several equities research analysts have weighed in on DELL shares. JPMorgan Chase & Co. upped their target price on Dell from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, August 28th. Citigroup increased their price target on Dell from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Royal Bank of Canada upgraded Dell from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $48.00 to $80.00 in a research note on Friday, August 28th. Zacks Investment Research cut Dell from a “hold” rating to a “sell” rating in a research note on Wednesday, August 26th. Finally, Morgan Stanley increased their price target on Dell from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, August 10th.
In related news, COO Jeffrey W. Clarke sold 73,275 shares of Dell stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $66.72, for a total value of $4,888,908.00. Following the sale, the chief operating officer now owns 457,720 shares of the company’s stock, valued at approximately $30,539,078.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas W. Sweet sold 100,000 shares of Dell stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $53.50, for a total transaction of $5,350,000.00. Following the completion of the sale, the chief financial officer now directly owns 175,169 shares in the company, valued at approximately $9,371,541.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 793,676 shares of company stock worth $46,991,996. Insiders own 48.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in shares of Dell by 154.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 544 shares of the technology company’s stock valued at $30,000 after purchasing an additional 330 shares in the last quarter. Key Financial Inc purchased a new position in Dell in the first quarter worth $31,000. tru Independence LLC grew its position in Dell by 746.0% in the first quarter. tru Independence LLC now owns 846 shares of the technology company’s stock worth $34,000 after acquiring an additional 746 shares in the last quarter. Verus Capital Partners LLC grew its position in Dell by 42.1% in the first quarter. Verus Capital Partners LLC now owns 941 shares of the technology company’s stock worth $37,000 after acquiring an additional 279 shares in the last quarter. Finally, Bainco International Investors purchased a new position in Dell in the first quarter worth $40,000. Hedge funds and other institutional investors own 25.70% of the company’s stock.
NYSE DELL traded down $0.89 on Tuesday, hitting $64.65. 2,314,259 shares of the company’s stock were exchanged, compared to its average volume of 2,174,082. The stock has a 50-day moving average of $61.29 and a 200-day moving average of $48.54. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 14.92. Dell has a 52 week low of $25.51 and a 52 week high of $68.61. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 0.99 and a beta of 0.91.
Dell (NYSE:DELL) last released its earnings results on Thursday, August 27th. The technology company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.54. Dell had a return on equity of 139.72% and a net margin of 2.28%. The firm had revenue of $22.78 billion during the quarter, compared to analysts’ expectations of $22.50 billion. During the same period in the prior year, the company earned $2.15 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts predict that Dell will post 5.42 earnings per share for the current year.
Dell Company Profile
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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