Dell Technologies Inc. (NYSE: DELL – Get a rating) declared a quarterly dividend on Thursday, February 24, Zacks reports. Shareholders of record on Wednesday, April 20 will receive a dividend of 0.33 per share from the technology company on Friday, April 29. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Tuesday, April 19. This is a positive change from Dell Technologies’ previous quarterly dividend of $0.08.
Dell Technologies has a payout ratio of 19.7%, indicating that its dividend is sufficiently covered by earnings. Stock analysts expect Dell Technologies to earn $6.11 per share next year, meaning the company should continue to be able to cover its $1.32 annual dividend with a payout ratio. expected future of 21.6%.
Shares of NYSE: DELL opened at $46.94 on Friday. The company has a market capitalization 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 company 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 ratio of 2.23.
Dell Technologies (NYSE: DELL – Get a rating) last released its results on Thursday, February 24. The technology company reported EPS of $1.72 for the quarter, missing Thomson Reuters’ consensus estimate of $1.95 per ($0.23). The company posted revenue of $27.99 billion in the quarter, versus analyst estimates of $27.52 billion. Dell Technologies had a net margin of 5.20% and a return on equity of 87.33%. The company’s revenue for the quarter increased by 7.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $2.70. Sell-side analysts expect Dell Technologies to post earnings per share of 5.58 for the current fiscal year.
Several equity research analysts have commented on the company. Raymond James lowered his price target on Dell Technologies from $60.00 to $57.00 and set an “outperform” rating for the company in a Monday, Feb. 28 research note. Sanford C. Bernstein upgraded Dell Technologies from a “market performer” rating to an “outperformer” rating and increased its target price for the company from $35.57 to $72.00 in a rating of research from Monday, January 10. Evercore ISI upgraded Dell Technologies from an “in line” rating to an “outperforming” rating and set a price target of $60.00 for the company in a Tuesday, March 8 report. Goldman Sachs Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and cut its price target for the company from $68.00 to $61.00 in a Friday, April 1, report. To finish, Zacks Investment Research downgraded Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 28. Six research analysts gave the stock a hold rating and nine gave the stock a buy rating. Based on MarketBeat data, Dell Technologies currently has an average rating of “Buy” and a consensus target price of $83.07.
Separately, insider William F. Scannell sold 124,718 shares in a trade that took place on Thursday, March 24. 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, accessible via this hyperlink. Additionally, insider Howard D. Elias sold 67,613 shares in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $54.67, for a total value of $3,696,402.71. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 327,907 shares of the company worth $17,145,029. 47.00% of the shares are currently held by insiders of the company.
Institutional investors have recently changed their positions in the company. Parametric Portfolio Associates LLC increased its position in Dell Technologies by 33.7% in the fourth quarter. Parametric Portfolio Associates LLC now owns 504,577 shares of the technology company 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 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 fourth quarter. Stifel Financial Corp now owns 65,355 shares of the technology company 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 fourth quarter. Allstate Corp now owns 35,074 shares of the technology company 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 valued at $28,292,000 after acquiring an additional 25,003 shares during the period. Institutional investors and hedge funds hold 32.20% of the company’s shares.
Dell Technologies Company Profile (Get a 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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