Dell Technologies Inc. (NYSE:DELL – Get Rating) declared a quarterly dividend on Tuesday, June 7th, Zacks reports. Stockholders of record on Wednesday, July 20th will be given a dividend of 0.33 per share by the technology company on Friday, July 29th. This represents a $1.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Tuesday, July 19th.
Dell Technologies has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dell Technologies to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 19.9%.
DELL stock opened at $50.33 on Thursday. The stock has a 50-day moving average price of $46.99 and a 200-day moving average price of $52.95. Dell Technologies has a 1-year low of $38.33 and a 1-year high of $61.54. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 2.23. The firm has a market cap of $38.27 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.71 and a beta of 0.89.
Dell Technologies (NYSE:DELL – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The technology company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.45. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The firm had revenue of $26.12 billion during the quarter, compared to analyst estimates of $25.23 billion. During the same period last year, the company posted $2.13 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that Dell Technologies will post 6.01 earnings per share for the current year.
DELL has been the topic of a number of research reports. Evercore ISI raised Dell Technologies from an “in-line” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Tuesday, March 8th. Zacks Investment Research raised Dell Technologies from a “sell” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, June 2nd. JPMorgan Chase & Co. dropped their price target on Dell Technologies from $68.00 to $60.00 in a research note on Wednesday, May 25th. The Goldman Sachs Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $61.00 in a research note on Friday, April 1st. Finally, Morgan Stanley dropped their price target on Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $70.71.
In related news, CAO Brunilda Rios sold 5,789 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $48.00, for a total value of $277,872.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,954 shares in the company, valued at approximately $1,197,792. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 124,718 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $53.52, for a total transaction of $6,674,907.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,907 shares of company stock valued at $17,145,029. 47.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DELL. Cresset Asset Management LLC grew its position in shares of Dell Technologies by 5.3% during the 1st quarter. Cresset Asset Management LLC now owns 6,390 shares of the technology company’s stock valued at $320,000 after acquiring an additional 321 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Dell Technologies during the 1st quarter valued at $309,000. Yousif Capital Management LLC grew its position in shares of Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after acquiring an additional 302 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Dell Technologies during the 1st quarter valued at $304,000. Finally, Ethic Inc. bought a new stake in shares of Dell Technologies during the 1st quarter valued at $299,000. Institutional investors and hedge funds own 30.05% of the company’s stock.
About Dell Technologies (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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