Cary Street Partners Financial LLC Invests $486,000 in Dell Technologies Inc. (NYSE:DELL)

Cary Street Partners Financial LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,219 shares of the technology company's stock, valued at approximately $486,000.

Several other hedge funds also recently made changes to their positions in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Up 4.3%

Shares of DELL stock traded up $4.43 during trading on Tuesday, hitting $107.85. The company's stock had a trading volume of 7,052,611 shares, compared to its average volume of 10,428,847. The business has a fifty day moving average of $90.28 and a 200-day moving average of $108.79. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company has a market cap of $75.26 billion, a PE ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 46.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DELL. JPMorgan Chase & Co. cut their price objective on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. TD Cowen dropped their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup dropped their price target on Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.71.

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).