Meiji Yasuda Asset Management Co Ltd. Cuts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 37,898 shares of the technology company’s stock after selling 1,065 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dell Technologies were worth $1,295,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Yousif Capital Management LLC increased its holdings in shares of Dell Technologies by 5.2% in the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after purchasing an additional 302 shares during the period. Cresset Asset Management LLC lifted its stake in Dell Technologies by 5.3% during the 1st quarter. Cresset Asset Management LLC now owns 6,390 shares of the technology company’s stock valued at $320,000 after acquiring an additional 321 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Dell Technologies by 1.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 21,288 shares of the technology company’s stock valued at $727,000 after acquiring an additional 363 shares during the last quarter. Private Trust Co. NA increased its stake 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 worth $38,000 after acquiring an additional 395 shares during the period. Finally, Waldron Private Wealth LLC raised its holdings in shares of Dell Technologies by 2.0% during the third quarter. Waldron Private Wealth LLC now owns 20,563 shares of the technology company’s stock worth $702,000 after purchasing an additional 405 shares during the last quarter. 26.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on DELL shares. Sanford C. Bernstein lowered their price target on shares of Dell Technologies from $60.00 to $51.00 in a report on Friday, March 3rd. Bank of America lowered their price target on shares of Dell Technologies from $60.00 to $55.00 in a report on Tuesday, November 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, March 3rd. Barclays dropped their price objective on Dell Technologies from $41.00 to $40.00 in a report on Friday, March 3rd. Finally, Wells Fargo & Company decreased their price objective on Dell Technologies from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, November 22nd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Dell Technologies Trading Up 2.7 %

Shares of NYSE:DELL opened at $37.55 on Wednesday. The company has a market capitalization of $26.89 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.72 and a beta of 1.03. The business has a 50-day moving average price of $40.80 and a 200 day moving average price of $39.65. Dell Technologies Inc. has a 12-month low of $32.90 and a 12-month high of $55.30.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Tuesday, April 25th will be issued a $0.37 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, April 24th. Dell Technologies’s dividend payout ratio is currently 40.99%.

Dell Technologies Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.