Dell Technologies Inc. (NYSE:DELL – Get Rating) declared a quarterly dividend on Thursday, February 24th, Zacks reports. Stockholders of record on Wednesday, April 20th will be given a dividend of 0.33 per share by the technology company on Friday, April 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, April 19th. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.08.
Dell Technologies has a payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dell Technologies to earn $6.11 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 21.6%.
Shares of NYSE:DELL opened at $46.94 on Friday. The company has a market cap of $35.69 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.70 and a beta of 0.91. The business has a fifty day simple moving average of $52.92 and a 200-day simple moving average of $63.75. Dell Technologies has a 52 week low of $45.29 and a 52 week high of $61.54. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 2.23.
Several equities research analysts have commented on the company. Raymond James dropped their price target on Dell Technologies from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Monday, February 28th. Sanford C. Bernstein upgraded Dell Technologies from a “market perform” rating to an “outperform” rating and increased their target price for the company from $35.57 to $72.00 in a research note on Monday, January 10th. Evercore ISI raised Dell Technologies from an “in-line” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Tuesday, March 8th. The Goldman Sachs Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $68.00 to $61.00 in a report on Friday, April 1st. Finally, Zacks Investment Research downgraded Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 28th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Buy” and a consensus target price of $83.07.
In other news, insider William F. Scannell sold 124,718 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $53.52, for a total transaction of $6,674,907.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Howard D. Elias sold 67,613 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $54.67, for a total value of $3,696,402.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,907 shares of company stock worth $17,145,029. 47.00% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its position in Dell Technologies by 33.7% in the 4th quarter. Parametric Portfolio Associates LLC now owns 504,577 shares of the technology company’s stock valued at $28,342,000 after acquiring an additional 127,248 shares during the period. Allianz Asset Management GmbH increased its position in Dell Technologies by 8.1% in the 4th quarter. Allianz Asset Management GmbH now owns 744,316 shares of the technology company’s stock valued at $41,808,000 after acquiring an additional 55,929 shares during the period. Stifel Financial Corp increased its position in Dell Technologies by 316.8% in the 4th quarter. Stifel Financial Corp now owns 65,355 shares of the technology company’s stock valued at $3,671,000 after acquiring an additional 49,673 shares during the period. Allstate Corp increased its position in Dell Technologies by 537.8% in the 4th quarter. Allstate Corp now owns 35,074 shares of the technology company’s stock valued at $1,970,000 after acquiring an additional 29,575 shares during the period. Finally, California State Teachers Retirement System increased its position in Dell Technologies by 5.2% in the 4th quarter. California State Teachers Retirement System now owns 503,681 shares of the technology company’s stock valued at $28,292,000 after acquiring an additional 25,003 shares during the period. Institutional investors and hedge funds own 32.20% of the company’s stock.
Dell Technologies Company Profile (Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. It 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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