Elo Mutual Pension Insurance Co trimmed its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 4.8% during the second quarter, HoldingsChannel.com reports. The fund owned 40,868 shares of the technology company’s stock after selling 2,049 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dell Technologies were worth $5,010,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of DELL. Advisors Asset Management Inc. raised its holdings in Dell Technologies by 14.0% in the second quarter. Advisors Asset Management Inc. now owns 70,754 shares of the technology company’s stock worth $8,674,000 after purchasing an additional 8,714 shares during the period. Verity & Verity LLC increased its position in shares of Dell Technologies by 25.5% in the 2nd quarter. Verity & Verity LLC now owns 130,589 shares of the technology company’s stock valued at $16,010,000 after buying an additional 26,572 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in Dell Technologies by 11,045.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,226 shares of the technology company’s stock worth $150,000 after buying an additional 1,215 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in Dell Technologies by 5.6% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 46,271 shares of the technology company’s stock valued at $5,673,000 after acquiring an additional 2,459 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Dell Technologies in the second quarter worth about $1,009,000. Institutional investors and hedge funds own 76.37% of the company’s stock.
Dell Technologies Trading Down 0.9%
Shares of DELL opened at $126.07 on Wednesday. The stock has a market capitalization of $84.76 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.96 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The firm has a fifty day simple moving average of $143.57 and a 200 day simple moving average of $130.32.
Dell Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on DELL. Daiwa Capital Markets lifted their price objective on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Zacks Research cut shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Piper Sandler assumed coverage on shares of Dell Technologies in a research report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price objective for the company. Barclays upped their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.85.
Get Our Latest Analysis on Dell Technologies
Insider Activity at Dell Technologies
In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last ninety days. Insiders own 42.00% of the company’s stock.
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).
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