US Bancorp DE Acquires 1,437 Shares of Dell Technologies Inc. (NYSE:DELL)

US Bancorp DE boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 12.9% in the third quarter, Holdings Channel reports. The firm owned 12,542 shares of the technology company’s stock after purchasing an additional 1,437 shares during the quarter. US Bancorp DE’s holdings in Dell Technologies were worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LeJeune Puetz Investment Counsel LLC increased its holdings in shares of Dell Technologies by 6.5% during the second quarter. LeJeune Puetz Investment Counsel LLC now owns 4,100 shares of the technology company’s stock worth $189,000 after buying an additional 250 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Dell Technologies by 5.2% during the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after buying an additional 302 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Dell Technologies by 5.3% during the first quarter. Cresset Asset Management LLC now owns 6,390 shares of the technology company’s stock worth $320,000 after buying an additional 321 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Dell Technologies by 1.7% during the third quarter. Miracle Mile Advisors LLC now owns 21,288 shares of the technology company’s stock worth $727,000 after buying an additional 363 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Dell Technologies by 55.4% in the third quarter. Private Trust Co. NA now owns 1,108 shares of the technology company’s stock valued at $38,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 26.42% of the company’s stock.

Dell Technologies Stock Up 1.9 %

Shares of NYSE DELL opened at $41.04 on Tuesday. The company’s fifty day moving average is $41.39 and its 200-day moving average is $40.76. The stock has a market cap of $29.39 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 0.52 and a beta of 0.98. Dell Technologies Inc. has a twelve month low of $32.90 and a twelve month high of $61.54.

Dell Technologies (NYSE:DELL – Get Rating) last announced its quarterly earnings results on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.69. The company had revenue of $24.72 million for the quarter, compared to analysts’ expectations of $24.61 billion. Dell Technologies had a net margin of 1.74% and a negative return on equity of 208.47%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.37 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.46 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Wednesday, January 25th will be given a $0.33 dividend. The ex-dividend date is Tuesday, January 24th. This represents a $1.32 annualized dividend and a yield of 3.22%. Dell Technologies’s dividend payout ratio is currently 55.46%.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 91,938 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $42.62, for a total value of $3,918,397.56. Following the sale, the insider now directly owns 178,627 shares of the company’s stock, valued at approximately $7,613,082.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 47.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DELL shares. Sanford C. Bernstein lowered their price target on shares of Dell Technologies from $72.00 to $60.00 in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Dell Technologies from $55.00 to $48.00 in a report on Tuesday, November 22nd. Raymond James raised their price target on shares of Dell Technologies from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 22nd. UBS Group lowered their price target on shares of Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 22nd. Finally, Credit Suisse Group lowered their price target on shares of Dell Technologies from $56.00 to $53.00 and set an “outperform” rating for the company in a report on Tuesday, November 22nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.63.

Dell Technologies Profile

(Get Rating)

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).