Aperio Group LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,775 shares of the transportation company’s stock after purchasing an additional 11,693 shares during the period. Aperio Group LLC’s holdings in Delta Air Lines were worth $16,843,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Macquarie Group Ltd. boosted its stake in shares of Delta Air Lines by 7.9% during the second quarter. Macquarie Group Ltd. now owns 208,434 shares of the transportation company’s stock valued at $11,201,000 after purchasing an additional 15,319 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Delta Air Lines in the second quarter worth approximately $343,000. Janus Henderson Group PLC lifted its stake in shares of Delta Air Lines by 70.2% in the second quarter. Janus Henderson Group PLC now owns 43,445 shares of the transportation company’s stock worth $2,335,000 after acquiring an additional 17,919 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Delta Air Lines by 5.4% in the second quarter. Moors & Cabot Inc. now owns 5,880 shares of the transportation company’s stock worth $316,000 after acquiring an additional 302 shares during the period. Finally, Simmons Bank acquired a new position in Delta Air Lines in the second quarter valued at approximately $230,000. Institutional investors own 85.14% of the company’s stock.
Several equities analysts have issued reports on the company. Imperial Capital reissued an “outperform” rating and issued a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Stephens set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target for the company in a report on Wednesday, January 3rd. Finally, Cowen boosted their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $65.35.
Delta Air Lines, Inc. (NYSE:DAL) opened at $52.17 on Wednesday. The firm has a market capitalization of $37,110.25, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.70 and a beta of 1.15. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a one year low of $43.81 and a one year high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. equities analysts predict that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.34%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares in the company, valued at approximately $3,382,022.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George N. Mattson bought 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $51.89 per share, with a total value of $518,900.00. Following the purchase, the director now owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 363,447 shares of company stock worth $20,591,693. 0.37% of the stock is owned by corporate insiders.
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About Delta Air Lines
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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