Canal Insurance CO Acquires 19,900 Shares of Dell Technologies Inc. (NYSE:DELL)

Canal Insurance CO increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 39.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the technology company's stock after buying an additional 19,900 shares during the quarter. Dell Technologies accounts for approximately 1.5% of Canal Insurance CO's holdings, making the stock its 20th biggest position. Canal Insurance CO's holdings in Dell Technologies were worth $6,381,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Dell Technologies by 79.4% during the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after purchasing an additional 5,040 shares during the last quarter. Geode Capital Management LLC grew its stake in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 purchasing an additional 4,977 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider now directly owns 56,429 shares in the company, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the transaction, the director now directly owns 938,741 shares of the company's stock, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,482,977 shares of company stock valued at $1,391,688,489 in the last ninety days. Company insiders own 42.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. UBS Group reduced 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 note on Friday, May 30th. Barclays boosted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Morgan Stanley raised their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Raymond James Financial upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $1.86 during midday trading on Friday, hitting $124.12. The company's stock had a trading volume of 7,356,506 shares, compared to its average volume of 8,870,343. The stock's 50 day simple moving average is $106.72 and its 200 day simple moving average is $105.10. The stock has a market capitalization of $84.26 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

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

Dell Technologies Announces Dividend

The business also recently announced 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. This represents a $2.10 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 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).