M&T Bank Corp Sells 7,796 Shares of Dell Technologies Inc. (NYSE:DELL)

M&T Bank Corp lowered its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,250 shares of the technology company's stock after selling 7,796 shares during the period. M&T Bank Corp's holdings in Dell Technologies were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $25,000. Crowley Wealth Management Inc. raised its stake in Dell Technologies by 86.2% in 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 raised its stake in Dell Technologies by 155.8% in 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 in the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DELL shares. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. TD Cowen boosted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Citigroup boosted their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, Raymond James Financial boosted their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Stock Down 0.0%

Shares of NYSE:DELL traded down $0.03 on Tuesday, reaching $125.64. 4,025,410 shares of the company's stock were exchanged, compared to its average volume of 7,538,482. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The business's 50-day moving average is $114.88 and its two-hundred day moving average is $105.56. The firm has a market capitalization of $85.29 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 1.17 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the business posted $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business 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 $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.67%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm's 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 transaction, the chief executive officer owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total value of $348,000.00. Following the completion of the sale, the director directly owned 23,680 shares in the company, valued at $2,841,600. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,713,977 shares of company stock worth $1,547,857,229 over the last quarter. Insiders own 42.00% of the company's stock.

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).