WealthPlan Investment Management LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,445 shares of the technology company's stock, valued at approximately $770,000.
Other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in Dell Technologies during the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. boosted its position in 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 during the last quarter. Institutional investors own 76.37% of the company's stock.
Dell Technologies Price Performance
DELL stock opened at $133.84 on Friday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock has a market capitalization of $90.86 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.90 and a beta of 1.02. The business's fifty day moving average price is $122.09 and its two-hundred day moving average price is $107.30.
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 negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the firm earned $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Mizuho upped their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Bank of America upped their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Raymond James Financial boosted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. 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.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $140.06.
Get Our Latest Analysis on Dell Technologies
Insider Activity
In related news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is currently owned by insiders.
About Dell Technologies
(
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).
Further Reading
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