Canada Post Corp Registered Pension Plan Takes Position in Dell Technologies Inc. (NYSE:DELL)

Canada Post Corp Registered Pension Plan bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,500 shares of the technology company's stock, valued at approximately $519,000.

Other large investors have also recently bought and sold shares of the company. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after purchasing an additional 463 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Dell Technologies by 24.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company's stock worth $275,000 after buying an additional 449 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Dell Technologies during the 3rd quarter worth about $894,000. Morse Asset Management Inc increased its position in shares of Dell Technologies by 180.1% in the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock valued at $2,516,000 after acquiring an additional 13,646 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Dell Technologies during the third quarter valued at approximately $198,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents 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 Dell Technologies stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $1.50 during midday trading on Friday, reaching $84.86. The company's stock had a trading volume of 6,234,455 shares, compared to its average volume of 10,407,282. The company has a market cap of $59.22 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94. The business's 50 day moving average price is $95.82 and its two-hundred day moving average price is $112.22. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued 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 2.47%. Dell Technologies's payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DELL. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, UBS Group dropped their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Three 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 an average rating of "Moderate Buy" and an average target price of $136.41.

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).