AIA Group Ltd Sells 13,739 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• AIA Group Ltd has reduced its stake in Dell Technologies by 82.6%, selling 13,739 shares and leaving it with 2,897 shares worth approximately $264,000.
• Other institutional investors, such as Vanguard Group Inc and Deutsche Bank AG, have increased their holdings in Dell Technologies, with Vanguard acquiring an additional 1,145,658 shares during the same period.
• Dell Technologies reported earnings of $1.55 per share, missing expectations, but showed a year-over-year revenue increase of 5.1% to $23.38 billion.

AIA Group Ltd trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 82.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,897 shares of the technology company's stock after selling 13,739 shares during the period. AIA Group Ltd's holdings in Dell Technologies were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in shares of Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after acquiring an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after buying an additional 809 shares in the last quarter. Mather Group LLC. lifted its holdings in Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after buying an additional 554 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Dell Technologies by 54.6% during the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock worth $402,000 after buying an additional 1,558 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Dell Technologies by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after buying an additional 4,977 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director owned 45,045 shares of the company's stock, valued at $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,989,063 shares of company stock worth $1,583,673,412 in the last three months. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley upped 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. Bank of America upped their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. KeyCorp began coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Mizuho upped their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Evercore ISI upped their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $143.00.

Dell Technologies Price Performance

DELL stock traded down $0.59 during trading hours on Friday, reaching $138.27. 3,447,239 shares of the stock were exchanged, compared to its average volume of 5,058,493. The firm's 50-day moving average is $125.79 and its 200-day moving average is $108.68. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market cap of $93.86 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.97 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the company earned $1.27 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

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).