Canal Capital Management LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 10.5% in the 4th quarter, Holdings Channel reports. The firm owned 27,251 shares of the transportation company’s stock after buying an additional 2,583 shares during the period. Canal Capital Management LLC’s holdings in Delta Air Lines were worth $1,360,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC lifted its holdings in shares of Delta Air Lines by 2,400,525.0% in the 4th quarter. ClariVest Asset Management LLC now owns 288,075 shares of the transportation company’s stock valued at $14,376,000 after purchasing an additional 288,063 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at approximately $119,000. Alps Advisors Inc. purchased a new stake in Delta Air Lines during the 4th quarter valued at approximately $846,000. Financial Gravity Companies Inc. purchased a new stake in Delta Air Lines during the 4th quarter valued at approximately $89,000. Finally, BB&T Securities LLC raised its stake in Delta Air Lines by 11.4% during the 4th quarter. BB&T Securities LLC now owns 73,983 shares of the transportation company’s stock valued at $3,691,000 after acquiring an additional 7,585 shares during the last quarter. 89.33% of the stock is owned by institutional investors and hedge funds.
NYSE DAL opened at $50.47 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.28 and a current ratio of 0.35. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $61.32. The company has a market cap of $34.60 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11.
Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The company had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.71 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s payout ratio is 24.78%.
In other Delta Air Lines news, Director George N. Mattson bought 4,000 shares of the company’s stock in a transaction on Monday, December 17th. The shares were bought at an average price of $52.87 per share, for a total transaction of $211,480.00. Following the transaction, the director now owns 72,530 shares of the company’s stock, valued at approximately $3,834,661.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $50.00, for a total value of $3,000,000.00. Following the transaction, the chief executive officer now owns 326,943 shares in the company, valued at approximately $16,347,150. The disclosure for this sale can be found here. Insiders have acquired a total of 13,185 shares of company stock worth $664,881 in the last quarter. 0.33% of the stock is currently owned by insiders.
DAL has been the subject of several analyst reports. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Susquehanna Bancshares initiated coverage on Delta Air Lines in a research note on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective for the company. Deutsche Bank raised Delta Air Lines from a “hold” rating to a “buy” rating and upped their price objective for the company from $53.00 to $60.00 in a research note on Wednesday, October 17th. Credit Suisse Group set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Finally, Citigroup initiated coverage on Delta Air Lines in a research note on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average price target of $67.22.
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.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.