Gilder Gagnon Howe & Co. LLC Reduces Position in Delta Air Lines, Inc. (DAL)

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 46.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,058 shares of the transportation company’s stock after selling 70,012 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Delta Air Lines were worth $3,957,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Delta Air Lines by 0.6% during the second 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 during the period. Boston Partners increased its position in Delta Air Lines by 2.5% during the second 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 during the period. Dimensional Fund Advisors LP increased its position in Delta Air Lines by 7.6% during the second 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 during the period. AJO LP increased its position in Delta Air Lines by 21.2% during the second 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 during the period. Finally, TIAA CREF Investment Management LLC increased its position in Delta Air Lines by 77.6% during the second 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 during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $49.79 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $55.75. The firm has a market cap of $35,420.00, a PE ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts expect that Delta Air Lines, Inc. will post 5.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors 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 annualized dividend and a yield of 2.45%. Delta Air Lines’s dividend payout ratio (DPR) is 24.45%.

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In related news, Director George N. Mattson purchased 6,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven M. Sear sold 6,898 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.01, for a total transaction of $365,662.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 200,001 shares of company stock worth $10,630,333. 0.37% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on DAL shares. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 target price on the stock in a research report on Tuesday, July 25th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Finally, J P Morgan Chase & Co boosted their price target on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $63.39.

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.

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

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