CSM Advisors LLC Sells 3,202 Shares of Dell Technologies Inc. (NYSE:DELL)

CSM Advisors LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,980 shares of the technology company's stock after selling 3,202 shares during the quarter. CSM Advisors LLC's holdings in Dell Technologies were worth $13,480,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allen Capital Group LLC grew its position in shares of Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after purchasing an additional 95 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. boosted its position in shares of Dell Technologies by 3.1% during the 4th quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after acquiring an additional 98 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after acquiring an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after acquiring an additional 100 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DELL shares. Citigroup reduced their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays increased their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. TD Cowen reduced their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Morgan Stanley cut their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group cut their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Price Performance

NYSE DELL traded up $0.61 during mid-day trading on Friday, reaching $95.01. 4,465,476 shares of the stock were exchanged, compared to its average volume of 10,409,956. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock has a 50 day simple moving average of $93.29 and a 200-day simple moving average of $111.07. The stock has a market cap of $66.30 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insider Buying and Selling

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

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).