WINTON GROUP Ltd Trims Stake in Delta Air Lines, Inc. (DAL)

WINTON GROUP Ltd lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 56.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,769 shares of the transportation company’s stock after selling 20,429 shares during the quarter. WINTON GROUP Ltd’s holdings in Delta Air Lines were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after acquiring an additional 274,997 shares in the last quarter. Boston Partners increased its holdings in Delta Air Lines by 2.5% in the 2nd quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after acquiring an additional 190,531 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Delta Air Lines by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,570,963 shares of the transportation company’s stock worth $406,892,000 after acquiring an additional 531,518 shares in the last quarter. AJO LP increased its holdings in Delta Air Lines by 21.2% in the 2nd quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock worth $302,941,000 after acquiring an additional 986,803 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Delta Air Lines by 77.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after acquiring an additional 2,343,531 shares in the last quarter. 85.24% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines, Inc. (NYSE:DAL) traded down $0.09 during midday trading on Thursday, hitting $52.30. The stock had a trading volume of 4,190,300 shares, compared to its average volume of 7,782,691. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $37,352.66, a P/E ratio of 10.91, a P/E/G ratio of 1.59 and a beta of 1.29. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 EPS. equities analysts expect that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.33%. Delta Air Lines’s dividend payout ratio is currently 24.50%.

DAL has been the subject of several analyst reports. Deutsche Bank reduced their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research note on Tuesday, September 12th. Finally, Cowen restated a “buy” rating and issued a $60.00 price target on shares of Delta Air Lines in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $63.39.

In other news, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 239,810 shares of company stock valued at $12,684,903 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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