Williams Jones Wealth Management LLC. Purchases 70,812 Shares of Dell Technologies Inc. (NYSE:DELL)

Williams Jones Wealth Management LLC. boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 75.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,330 shares of the technology company's stock after buying an additional 70,812 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Dell Technologies were worth $18,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new stake in Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $28,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 0.0%

NYSE:DELL traded up $0.05 on Thursday, reaching $111.98. 4,012,240 shares of the stock traded hands, compared to its average volume of 10,301,750. The company's fifty day simple moving average is $92.97 and its 200 day simple moving average is $108.37. The company has a market capitalization of $78.14 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies's payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on DELL. Morgan Stanley upped their price target on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday. TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Citigroup boosted their price objective on shares of Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $134.65.

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).