Dell Technologies Inc. (NYSE:DELL) Announces $0.53 Quarterly Dividend

Dell Technologies Inc. (NYSE:DELL - Get Free Report) announced a quarterly dividend on Tuesday, June 17th, RTT News reports. Investors of record on Tuesday, July 22nd will be paid a dividend of 0.525 per share by the technology company on Friday, August 1st. This represents a $2.10 annualized dividend and a dividend yield of 1.79%.

Dell Technologies has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dell Technologies to earn $8.16 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 25.7%.

Dell Technologies Stock Up 1.4%

DELL traded up $1.59 during trading on Wednesday, hitting $117.52. The company's stock had a trading volume of 1,953,704 shares, compared to its average volume of 9,195,106. The firm has a market capitalization of $82.01 billion, a P/E ratio of 18.74, a PEG ratio of 1.05 and a beta of 1.01. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $161.52. The stock's fifty day moving average price is $101.65 and its 200-day moving average price is $105.22.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the company earned $1.27 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 453,321 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $114.99, for a total value of $52,127,381.79. Following the sale, the director now directly owns 877,339 shares in the company, valued at approximately $100,885,211.61. The trade was a 34.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,379,092 shares of company stock worth $156,638,174 over the last three months. 42.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

A hedge fund recently raised its stake in Dell Technologies stock. Brighton Jones LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,011 shares of the technology company's stock after acquiring an additional 901 shares during the period. Brighton Jones LLC's holdings in Dell Technologies were worth $347,000 at the end of the most recent reporting period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on DELL shares. UBS Group reduced their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $138.00.

About Dell Technologies

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).

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