Wesbanco Bank Inc. Buys 23,859 Shares of Delta Air Lines, Inc. (DAL)

Wesbanco Bank Inc. increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 36.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,505 shares of the transportation company’s stock after acquiring an additional 23,859 shares during the period. Wesbanco Bank Inc.’s holdings in Delta Air Lines were worth $4,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Boston Partners raised its position in Delta Air Lines by 39.0% during the 1st quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock valued at $646,294,000 after purchasing an additional 3,306,568 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,801,731 shares of the transportation company’s stock valued at $427,613,000 after purchasing an additional 22,535 shares during the last quarter. Neuberger Berman Group LLC raised its position in Delta Air Lines by 3.4% during the 1st quarter. Neuberger Berman Group LLC now owns 7,223,675 shares of the transportation company’s stock valued at $395,930,000 after purchasing an additional 236,108 shares during the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock valued at $360,748,000 after purchasing an additional 201,722 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Delta Air Lines by 0.4% during the 4th quarter. Alliancebernstein L.P. now owns 5,553,117 shares of the transportation company’s stock valued at $310,975,000 after purchasing an additional 20,851 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Delta Air Lines opened at $53.78 on Wednesday, MarketBeat.com reports. Delta Air Lines, Inc. has a fifty-two week low of $44.59 and a fifty-two week high of $60.79. The company has a current ratio of 0.39, a quick ratio of 0.33 and a debt-to-equity ratio of 0.51. The company has a market cap of $38.44 billion, a price-to-earnings ratio of 10.91 and a beta of 1.09.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.89 billion. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. analysts expect that Delta Air Lines, Inc. will post 5.87 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 11th were paid a $0.305 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.22 annualized dividend and a dividend yield of 2.27%. Delta Air Lines’s payout ratio is currently 24.75%.

A number of research analysts have commented on DAL shares. JPMorgan Chase & Co. raised Delta Air Lines to a “buy” rating in a research report on Monday, April 30th. Stifel Nicolaus upped their price target on Delta Air Lines from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 5th. Cowen reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, April 3rd. ValuEngine lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Stephens set a $71.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Thursday, March 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $68.67.

In related news, insider Steven M. Sear sold 10,247 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $54.35, for a total value of $556,924.45. Following the sale, the insider now owns 59,494 shares in the company, valued at approximately $3,233,498.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO W Gilbert West sold 17,250 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total value of $948,750.00. Following the completion of the sale, the chief operating officer now owns 119,447 shares in the company, valued at approximately $6,569,585. The disclosure for this sale can be found here. Insiders sold a total of 64,497 shares of company stock worth $3,543,174 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports 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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