Dodge & Cox Decreases Holdings in Dell Technologies Inc. (NYSE:DELL)

Dodge & Cox lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 22.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,265 shares of the technology company’s stock after selling 7,295 shares during the period. Dodge & Cox’s holdings in Dell Technologies were worth $2,912,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $1,272,000. Sky Investment Group LLC bought a new stake in Dell Technologies in the 4th quarter worth $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $848,000. Empowered Funds LLC raised its stake in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new stake in shares of Dell Technologies in the third quarter worth about $7,435,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DELL. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Citigroup decreased their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday. Finally, Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.88.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $85.56 on Wednesday. The company has a market capitalization of $59.71 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The company’s 50-day moving average is $97.36 and its 200 day moving average is $112.88.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.45%. Dell Technologies’s dividend payout ratio is 33.76%.

Dell Technologies Company Profile

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).