UMB Bank N A MO raised its stake in Dell Technologies Inc. (NYSE:DELL – Get Rating) by 43.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,640 shares of the technology company’s stock after acquiring an additional 799 shares during the period. UMB Bank N A MO’s holdings in Dell Technologies were worth $132,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in DELL. Allegheny Financial Group LTD purchased a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Benjamin Edwards Inc. purchased a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Endurance Wealth Management Inc. increased its stake in Dell Technologies by 317.8% in the fourth quarter. Endurance Wealth Management Inc. now owns 493 shares of the technology company’s stock valued at $28,000 after purchasing an additional 375 shares during the last quarter. Covestor Ltd purchased a new position in Dell Technologies in the fourth quarter valued at approximately $31,000. Finally, Avondale Wealth Management purchased a new position in shares of Dell Technologies during the first quarter worth approximately $31,000. Institutional investors own 30.05% of the company’s stock.
A number of brokerages have recently issued reports on DELL. Barclays raised their target price on shares of Dell Technologies from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $65.00 to $60.00 in a research report on Friday, May 27th. Morgan Stanley lowered their target price on shares of Dell Technologies from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, May 27th. KGI Securities initiated coverage on shares of Dell Technologies in a research report on Tuesday, April 19th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group lowered shares of Dell Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $68.00 to $61.00 in a research report on Friday, April 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $71.77.
Dell Technologies stock opened at $42.92 on Friday. Dell Technologies Inc. has a one year low of $38.33 and a one year high of $61.54. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.78. The business has a fifty day moving average of $46.59 and a two-hundred day moving average of $51.44. The company has a market cap of $31.74 billion, a P/E ratio of 5.89, a price-to-earnings-growth ratio of 0.60 and a beta of 0.89.
Dell Technologies (NYSE:DELL – Get Rating) last released its earnings results on Thursday, May 26th. The technology company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.45. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The company had revenue of $26.12 billion during the quarter, compared to the consensus estimate of $25.23 billion. During the same quarter last year, the company earned $2.13 earnings per share. Dell Technologies’s quarterly revenue was up 15.6% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.01 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Wednesday, July 20th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Tuesday, July 19th. Dell Technologies’s dividend payout ratio (DPR) is presently 18.11%.
In other news, CAO Brunilda Rios sold 5,969 shares of Dell Technologies stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total transaction of $304,120.55. Following the completion of the transaction, the chief accounting officer now owns 18,985 shares of the company’s stock, valued at approximately $967,285.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 47.30% of the company’s stock.
Dell Technologies Profile (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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