M & L Capital Management Ltd Purchases Shares of 51,800 Dell Technologies Inc. (NYSE:DELL)

M & L Capital Management Ltd purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 51,800 shares of the technology company’s stock, valued at approximately $5,969,000. Dell Technologies makes up approximately 1.5% of M & L Capital Management Ltd’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Campbell Capital Management Inc. boosted its stake in Dell Technologies by 1.2% during the 4th quarter. Campbell Capital Management Inc. now owns 59,075 shares of the technology company’s stock valued at $6,808,000 after purchasing an additional 673 shares in the last quarter. United Capital Management of KS Inc. boosted its stake in Dell Technologies by 2.9% during the 4th quarter. United Capital Management of KS Inc. now owns 74,317 shares of the technology company’s stock valued at $8,564,000 after purchasing an additional 2,091 shares in the last quarter. Midwest Professional Planners LTD. boosted its stake in Dell Technologies by 6.9% during the 4th quarter. Midwest Professional Planners LTD. now owns 5,945 shares of the technology company’s stock valued at $685,000 after purchasing an additional 386 shares in the last quarter. Renasant Bank boosted its stake in Dell Technologies by 15.0% during the 4th quarter. Renasant Bank now owns 6,436 shares of the technology company’s stock valued at $742,000 after purchasing an additional 840 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Dell Technologies by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 150,109 shares of the technology company’s stock worth $17,299,000 after acquiring an additional 5,117 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DELL. Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Barclays raised their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

NYSE DELL opened at $95.76 on Friday. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The stock’s 50-day moving average is $107.79 and its two-hundred day moving average is $117.09. The firm has a market cap of $67.08 billion, a P/E ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

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).