Yvonne Mcgill Sells 8,000 Shares of Dell Technologies Inc. (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELL) CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dell Technologies Stock Up 3.1%

NYSE:DELL opened at $114.29 on Friday. The company has a market cap of $79.75 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The company has a fifty day simple moving average of $91.82 and a two-hundred day simple moving average of $108.53.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. Dell Technologies’s payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Citigroup raised their target price on Dell Technologies from $105.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Evercore ISI lowered their price target on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies during the 1st quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the 4th quarter valued at about $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth about $26,000. Institutional investors and hedge funds own 76.37% 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).