Dell Technologies Inc. (NYSE:DELL) Shares Sold by CSM Advisors LLC

CSM Advisors LLC lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,980 shares of the technology company’s stock after selling 3,202 shares during the quarter. CSM Advisors LLC’s holdings in Dell Technologies were worth $13,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies in the 4th quarter worth $1,272,000. Sky Investment Group LLC bought a new stake in Dell Technologies in the fourth quarter worth about $1,687,000. Enclave Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at about $848,000. Empowered Funds LLC boosted its position in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $7,435,000. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DELL. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. TD Cowen decreased their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Trading Up 2.1 %

Shares of NYSE:DELL opened at $84.09 on Wednesday. The business has a fifty day simple moving average of $94.69 and a 200 day simple moving average of $111.76. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The firm has a market cap of $58.68 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.50%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.70% of the stock is owned by company insiders.

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).