Silver Lake Group, L.L.C. Now Owns 26% of Dell Technologies

Fintel reports that Silver Lake Group, L.L.C. has filed a 13D/A form with the SEC disclosing ownership of 90.77MM shares of Dell Technologies Inc – Class C (DELL). This represents 26.0% of the company.

In their previous filing dated July 1, 2021 they reported 95.43MM shares and 25.20% of the company, a decrease in shares of 4.89% and an increase in total ownership of 0.80% (calculated as current – previous percent ownership).

Analyst Price Forecast Suggests 0.19% Downside

As of July 6, 2023, the average one-year price target for Dell Technologies Inc – Class C is 54.07. The forecasts range from a low of 45.45 to a high of $63.00. The average price target represents a decrease of 0.19% from its latest reported closing price of 54.17.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Dell Technologies Inc – Class C is 93,264MM, a decrease of 8.83%. The projected annual non-GAAP EPS is 6.46.

What is the Fund Sentiment?

There are 1146 funds or institutions reporting positions in Dell Technologies Inc – Class C. This is a decrease of 25 owner(s) or 2.13% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.17%, an increase of 14.91%. Total shares owned by institutions decreased in the last three months by 5.02% to 209,153K shares. The put/call ratio of DELL is 0.80, indicating a bullish outlook.

What are Other Shareholders Doing?

Dodge & Cox holds 18,473K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 19,218K shares, representing a decrease of 4.03%. The firm decreased its portfolio allocation in DELL by 4.51% over the last quarter.

DODGX – Dodge & Cox Stock Fund holds 12,982K shares representing 1.78% ownership of the company. No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,121K shares representing 0.98% ownership of the company. In its prior filing, the firm reported owning 7,494K shares, representing a decrease of 5.23%. The firm decreased its portfolio allocation in DELL by 12.27% over the last quarter.

Lsv Asset Management holds 5,977K shares representing 0.82% ownership of the company. In its prior filing, the firm reported owning 6,054K shares, representing a decrease of 1.30%. The firm increased its portfolio allocation in DELL by 0.38% over the last quarter.

Citadel Advisors holds 5,193K shares representing 0.71% ownership of the company. In its prior filing, the firm reported owning 4,522K shares, representing an increase of 12.92%. The firm decreased its portfolio allocation in DELL by 6.21% over the last quarter.

Dell Technologies Inc – Class C Declares $0.37 Dividend

On June 16, 2023, the company declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). Shareholders of record as of July 25, 2023, will receive the payment on August 4, 2023. Previously, the company paid $0.37 per share.

At the current share price of $54.17 / share, the stock’s dividend yield is 2.73%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.83%, the lowest has been 1.34%, and the highest has been 8.14%. The standard deviation of yields is 1.24 (n=213).

The current dividend yield is 0.89 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.42. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company has not increased its dividend in the last three years.

Dell Technologies Background Information
(This description is provided by the company.)

Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry’s broadest and most innovative technology and services portfolio for the data era.

This article originally appeared on Fintel

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