Meyer Handelman Co. Grows Stake in Dell Technologies Inc. (NYSE:DELL)

Meyer Handelman Co. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 41.6% during the fourth quarter, HoldingsChannel reports. The firm owned 56,959 shares of the technology company’s stock after purchasing an additional 16,741 shares during the quarter. Meyer Handelman Co.’s holdings in Dell Technologies were worth $6,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group acquired a new position in Dell Technologies during the 3rd quarter worth $25,000. True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at approximately $33,000. MCF Advisors LLC lifted its stake in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.1 %

Shares of Dell Technologies stock opened at $108.99 on Wednesday. Dell Technologies Inc. has a 52 week low of $76.90 and a 52 week high of $179.70. The company’s 50-day moving average price is $124.62 and its two-hundred day moving average price is $120.83. The stock has a market cap of $76.34 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.62 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DELL shares. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup lowered their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock valued at $115,573,009 over the last three months. Insiders own 46.70% of the company’s stock.

About Dell Technologies

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).