Rhumbline Advisers lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,191,174 shares of the transportation company’s stock after acquiring an additional 11,756 shares during the period. Rhumbline Advisers’ holdings in Delta Air Lines were worth $66,706,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DAL. Investec Asset Management LTD acquired a new stake in shares of Delta Air Lines in the third quarter worth $157,977,000. Anchor Bolt Capital LP purchased a new position in shares of Delta Air Lines in the third quarter valued at $68,141,000. Alyeska Investment Group L.P. boosted its stake in shares of Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after purchasing an additional 1,055,182 shares during the period. Brown Advisory Inc. boosted its stake in shares of Delta Air Lines by 441.1% in the third quarter. Brown Advisory Inc. now owns 989,197 shares of the transportation company’s stock valued at $47,699,000 after purchasing an additional 806,389 shares during the period. Finally, Cambiar Investors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter valued at $41,568,000. 85.14% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on DAL shares. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, February 8th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $65.35.
In other Delta Air Lines news, President Glen W. Hauenstein sold 31,600 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.83, for a total transaction of $1,764,228.00. Following the transaction, the president now directly owns 204,018 shares in the company, valued at approximately $11,390,324.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul A. Jacobson sold 49,362 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The disclosure for this sale can be found here. Insiders have sold a total of 363,447 shares of company stock worth $20,591,693 over the last quarter. 0.37% of the stock is currently owned by insiders.
Delta Air Lines, Inc. (NYSE DAL) opened at $52.85 on Friday. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $37,680.00, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.14.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. equities research analysts predict that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.305 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a yield of 2.31%. Delta Air Lines’s dividend payout ratio (DPR) is 24.70%.
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Delta Air Lines Profile
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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