Blair William & Co. IL Cuts Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Blair William & Co. IL sold 34% of its stake in Dell Technologies, reducing their shares to 46,578, valued at approximately $4.25 million.
• Dell Technologies recently reported earnings of $1.55 per share, missing analysts' estimates, while revenue rose 5.1% year-over-year to $23.38 billion.
• The company announced a quarterly dividend of $0.525 per share, which translates to an annual yield of 1.6%, with a payout ratio of 33.49%.

Blair William & Co. IL lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 34.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 46,578 shares of the technology company's stock after selling 24,037 shares during the quarter. Blair William & Co. IL's holdings in Dell Technologies were worth $4,246,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares during the last quarter. World Investment Advisors acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $354,000. ExodusPoint Capital Management LP purchased a new stake in shares of Dell Technologies in the fourth quarter worth about $1,829,000. Envestnet Asset Management Inc. grew its holdings in Dell Technologies by 7.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 566,491 shares of the technology company's stock worth $65,282,000 after acquiring an additional 38,606 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Dell Technologies by 5.0% during the fourth quarter. Russell Investments Group Ltd. now owns 134,841 shares of the technology company's stock valued at $15,538,000 after acquiring an additional 6,377 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $3.80 during mid-day trading on Friday, reaching $137.73. The company's stock had a trading volume of 5,456,405 shares, compared to its average volume of 7,252,536. The stock has a market capitalization of $93.50 billion, a P/E ratio of 21.97, a P/E/G ratio of 0.90 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock has a 50-day moving average of $123.02 and a two-hundred day moving average of $107.65.

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 for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company 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 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Mizuho increased 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. TD Cowen lifted their price target 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, KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Green sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $135.00, for a total value of $4,050,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $6,081,075. This trade represents a 39.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,947,063 shares of company stock valued at $1,577,559,812 in the last quarter. Insiders own 42.00% of the company's stock.

About Dell Technologies

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).