Meyer Handelman Co. Acquires 16,741 Shares of Dell Technologies Inc. (NYSE:DELL)

Meyer Handelman Co. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 41.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,959 shares of the technology company's stock after purchasing an additional 16,741 shares during the period. Meyer Handelman Co.'s holdings in Dell Technologies were worth $6,564,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Intrepid Financial Planning Group LLC lifted its position in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock worth $1,423,000 after acquiring an additional 80 shares in the last quarter. Smithfield Trust Co lifted its stake in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock worth $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC increased its holdings in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after purchasing an additional 86 shares during the period. Affinity Wealth Management LLC grew its position in Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock worth $422,000 after buying an additional 87 shares in the last quarter. Finally, ASB Consultores LLC raised its holdings in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, December 2nd. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Barclays increased their price objective on Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on 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 completion of the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is owned by insiders.

Dell Technologies Price Performance

DELL stock traded up $0.13 during midday trading on Wednesday, hitting $109.19. The stock had a trading volume of 7,983,144 shares, compared to its average volume of 7,195,067. The firm has a market cap of $76.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. The business has a 50-day moving average of $124.62 and a two-hundred day moving average of $120.83. Dell Technologies Inc. has a 52-week low of $76.90 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the business earned $1.62 EPS. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

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).