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L & S Advisors Inc Decreases Stake in Dell Technologies Inc. (NYSE:DELL)

Dell Technologies logo with Computer and Technology background

Key Points

  • L & S Advisors Inc divested 38.0% of its stake in Dell Technologies, reducing its holdings to 19,091 shares valued at approximately $1.74 million.
  • Multiple institutions increased their investments in Dell Technologies, with Ameriprise Financial lifting its holdings by 224.4% and now owning 1.56 million shares valued at $180.26 million.
  • Dell Technologies announced a quarterly dividend of $0.525, which translates to a 1.6% yield, while also reporting earnings per share of $1.55 for the last quarter, missing estimates.
  • Five stocks to consider instead of Dell Technologies.

L & S Advisors Inc decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,091 shares of the technology company's stock after selling 11,716 shares during the period. L & S Advisors Inc's holdings in Dell Technologies were worth $1,740,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the first quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Dell Technologies by 270.7% during the first 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 in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 2.3%

Shares of Dell Technologies stock traded up $2.89 during trading on Monday, hitting $130.21. 2,764,218 shares of the stock traded hands, compared to its average volume of 4,741,070. The stock has a market cap of $88.39 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.03 and a beta of 1.02. The firm's fifty day moving average is $121.11 and its 200-day moving average is $106.85. 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 earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DELL shares. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Citigroup raised their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. TD Cowen raised 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. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Barclays lifted their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Check Out Our Latest Stock Report on DELL

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the transaction, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the transaction, the director owned 980,295 shares in the company, valued at $125,046,430.20. The trade was a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Company Profile

(Free Report)

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).

See Also

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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