Delta Air Lines, Inc. (DAL) Shares Bought by First Republic Investment Management Inc.

First Republic Investment Management Inc. grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 215,189 shares of the transportation company’s stock after buying an additional 25,549 shares during the quarter. First Republic Investment Management Inc.’s holdings in Delta Air Lines were worth $10,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $114,000. BB&T Investment Services Inc. bought a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $128,000. Bessemer Group Inc. raised its position in shares of Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,298 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Delta Air Lines by 40.9% in the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.

Several research analysts have recently issued reports on DAL shares. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 target price (down previously from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. Cowen reissued a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a research report on Monday, August 14th. Deutsche Bank decreased their target price on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. UBS reissued a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Finally, Imperial Capital reissued a “hold” rating and issued a $50.00 target price on shares of Delta Air Lines in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and an average target price of $63.39.

In related news, EVP Joanne D. Smith sold 33,863 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,810 shares of company stock valued at $12,684,903. 0.37% of the stock is owned by corporate insiders.

Delta Air Lines, Inc. (NYSE DAL) opened at $53.46 on Friday. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $55.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. The firm has a market capitalization of $38,079.89, a P/E ratio of 11.13, a P/E/G ratio of 1.62 and a beta of 1.29.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

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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.

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

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