Comerica Bank Grows Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Comerica Bank increased its position in Dell Technologies Inc. by 24.3% during the 1st quarter, acquiring an additional 17,293 shares valued at approximately $8.06 million.
• CEO Michael S. Dell sold 10 million shares of the company's stock, representing a 27.85% reduction in his ownership, while insiders sold nearly 13 million shares in total over the last ninety days.
• Dell Technologies recently declared a quarterly dividend of $0.525 per share, contributing to an annualized payout of $2.10 and a yield of 1.6% for shareholders.

Comerica Bank boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,496 shares of the technology company's stock after acquiring an additional 17,293 shares during the quarter. Comerica Bank's holdings in Dell Technologies were worth $8,066,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies during 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. grew its stake in Dell Technologies by 270.7% in the 1st 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. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

DELL stock traded down $11.85 during midday trading on Friday, reaching $122.20. 24,308,936 shares of the company's stock traded hands, compared to its average volume of 4,835,604. The firm has a market capitalization of $82.96 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The company has a 50-day moving average price of $129.15 and a two-hundred day moving average price of $110.43. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The company had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a negative return on equity of 251.39% and a net margin of 4.73%.The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 30.88%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the transaction, the director directly owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,989,063 shares of company stock valued at $1,583,673,412 in the last three months. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DELL. Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Bank of America increased their target price on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday. 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. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.31.

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).