Chevy Chase Trust Holdings LLC Raises Stock Position in Dell Technologies Inc. (NYSE:DELL)

Chevy Chase Trust Holdings LLC boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 164,615 shares of the technology company's stock after purchasing an additional 2,420 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Dell Technologies were worth $15,005,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Crowley Wealth Management Inc. grew its stake in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in Dell Technologies by 155.8% during the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after purchasing an additional 201 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director now owns 938,741 shares in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,473,222 shares of company stock worth $167,789,630 in the last three months. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 4.7%

Shares of DELL traded up $5.65 during trading hours on Thursday, reaching $126.11. The company had a trading volume of 9,413,403 shares, compared to its average volume of 8,895,590. The company has a market capitalization of $85.61 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $150.23. The firm has a 50 day simple moving average of $105.90 and a 200-day simple moving average of $105.09.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly 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 company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the previous year, the business posted $1.27 earnings per share. Dell Technologies's revenue was up 5.1% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Wells Fargo & Company lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Finally, KeyCorp started coverage on Dell Technologies in a research report on Thursday. They set a "sector weight" rating on the stock. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.00.

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).