Dell Technologies Inc. (NYSE:DELL) Announces Quarterly Dividend of $0.45

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Thursday, February 29th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.445 per share by the technology company on Friday, May 3rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37.

Dell Technologies has a payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dell Technologies to earn $8.20 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 21.7%.

Dell Technologies Price Performance

Shares of DELL stock opened at $114.85 on Friday. The stock’s 50-day moving average is $108.95 and its 200 day moving average is $86.22. Dell Technologies has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a market cap of $81.98 billion, a P/E ratio of 26.28, a PEG ratio of 1.50 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business posted $1.55 earnings per share. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, analysts anticipate that Dell Technologies will post 6.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DELL. Evercore ISI raised their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. raised their target price on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Morgan Stanley raised their target price on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. UBS Group raised their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group raised their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the sale, the chief executive officer now owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 624,450 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the transaction, the chief executive officer now directly owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new position in Dell Technologies during the 1st quarter worth $27,000. KB Financial Partners LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $32,000. Groupama Asset Managment acquired a new position in shares of Dell Technologies during the 4th quarter worth about $51,000. Compass Wealth Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $28,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Dell Technologies by 263.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 713 shares of the technology company’s stock worth $29,000 after acquiring an additional 517 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

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).