Meyer Handelman Co. Invests $1.87 Million in Dell Technologies Inc. (NYSE:DELL)

Meyer Handelman Co. bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,375 shares of the technology company’s stock, valued at approximately $1,869,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Massmutual Trust Co. FSB ADV grew its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after acquiring an additional 122 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Dell Technologies by 19.0% during the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after acquiring an additional 140 shares in the last quarter. Eaton Financial Holdings Company LLC boosted its stake in shares of Dell Technologies by 2.1% during the 4th quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock worth $535,000 after acquiring an additional 147 shares in the last quarter. Finally, Signet Financial Management LLC boosted its stake in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock worth $3,083,000 after acquiring an additional 153 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

DELL opened at $145.06 on Friday. The business’s 50-day moving average price is $136.39 and its two-hundred day moving average price is $107.83. Dell Technologies Inc. has a 1 year low of $49.76 and a 1 year high of $179.70. The company has a market capitalization of $103.54 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.84 and a beta of 0.85.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the transaction, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the sale, the chief executive officer now owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,857,539 shares of company stock worth $781,118,135. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DELL. TD Cowen upped their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Sanford C. Bernstein increased their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Barclays decreased their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Citigroup increased their price target on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Bank of America increased their price objective on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

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).