Commonwealth Equity Services LLC Buys 22,652 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Commonwealth Equity Services LLC increased its holdings in Dell Technologies by 15.1%, acquiring an additional 22,652 shares in the first quarter, now totaling 172,761 shares worth approximately $15.7 million.
• Dell Technologies stock increased by 2.8%, reaching a trading price of $137.73, with a market capitalization of $93.50 billion.
• The company recently declared a quarterly dividend of $0.525 per share, yielding approximately 1.5% with a payout ratio of 33.49%.

Commonwealth Equity Services LLC lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,761 shares of the technology company's stock after acquiring an additional 22,652 shares during the quarter. Commonwealth Equity Services LLC's holdings in Dell Technologies were worth $15,747,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in Dell Technologies in the fourth quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies in the first quarter worth $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the period. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 2.8%

Shares of NYSE:DELL traded up $3.80 during trading on Friday, hitting $137.73. The stock had a trading volume of 5,456,405 shares, compared to its average volume of 4,877,929. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The company has a market capitalization of $93.50 billion, a PE ratio of 21.97, a PEG ratio of 0.94 and a beta of 1.02. The firm's fifty day moving average is $123.02 and its 200 day moving average is $107.65.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results 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 negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate 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 expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was 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 owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel directly owned 79,928 shares of the company's stock, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,947,063 shares of company stock worth $1,577,559,812 over the last quarter. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DELL. Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Morgan Stanley boosted their price objective on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Barclays boosted their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.06.

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).