AE Wealth Management LLC Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• AE Wealth Management LLC increased its stake in Dell Technologies by 10.4%, now holding 91,157 shares valued at approximately $8.3 million.
• Wall Street analysts have generally positive outlooks for Dell, with price targets raised by firms like Morgan Stanley and Bank of America, reflecting a strong demand in the market.
• The company announced a quarterly dividend of $0.525 per share, with a payout ratio of 33.49%, demonstrating a consistent return to shareholders.

AE Wealth Management LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 10.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,157 shares of the technology company's stock after buying an additional 8,558 shares during the quarter. AE Wealth Management LLC's holdings in Dell Technologies were worth $8,309,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the first quarter valued at $25,000. Cullen Frost Bankers Inc. lifted its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares during the period. Crowley Wealth Management Inc. lifted its position in Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the period. Finally, Olde Wealth Management LLC acquired a new position in Dell Technologies during the first quarter valued at $32,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Green sold 20,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $130.00, for a total transaction of $2,600,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $5,855,850. This represents a 30.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,917,063 shares of company stock worth $1,573,509,812 in the last 90 days. 42.00% of the stock is owned by insiders.

Dell Technologies Price Performance

NYSE DELL traded up $0.57 during trading hours on Monday, hitting $131.79. 1,324,478 shares of the company's stock traded hands, compared to its average volume of 7,390,956. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The company has a market capitalization of $89.46 billion, a PE ratio of 21.02, a PEG ratio of 1.06 and a beta of 1.02. The firm's 50-day moving average is $119.18 and its 200-day moving average is $106.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the prior year, the company posted $1.27 EPS. The firm's revenue was up 5.1% on a year-over-year basis. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.59%. Dell Technologies's dividend payout ratio is presently 33.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price 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. Bank of America upped their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. KeyCorp started coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Citigroup upped their price objective on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, TD Cowen upped their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies 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).