Hosking Partners LLP lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,093,653 shares of the transportation company’s stock after buying an additional 192,762 shares during the quarter. Delta Air Lines makes up about 2.7% of Hosking Partners LLP’s portfolio, making the stock its 7th biggest position. Hosking Partners LLP owned 0.29% of Delta Air Lines worth $117,245,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares in the last quarter. Diversified Trust Co boosted its position in Delta Air Lines by 15.0% during the 4th quarter. Diversified Trust Co now owns 6,456 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 844 shares in the last quarter. Liberty Capital Management Inc. boosted its position in Delta Air Lines by 3.3% during the 4th quarter. Liberty Capital Management Inc. now owns 27,947 shares of the transportation company’s stock valued at $1,672,000 after acquiring an additional 888 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in Delta Air Lines by 1.8% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 51,192 shares of the transportation company’s stock valued at $2,867,000 after acquiring an additional 916 shares in the last quarter. Finally, Telemus Capital LLC boosted its position in Delta Air Lines by 16.3% during the 4th quarter. Telemus Capital LLC now owns 6,545 shares of the transportation company’s stock valued at $367,000 after acquiring an additional 917 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on DAL. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, February 8th. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stephens reiterated a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $65.35.
Delta Air Lines, Inc. (NYSE:DAL) traded down $0.35 during mid-day trading on Tuesday, reaching $52.50. The company had a trading volume of 1,069,459 shares, compared to its average volume of 9,742,080. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $60.79. The firm has a market cap of $37,680.00, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.14.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. Delta Air Lines’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is currently 23.69%.
In other news, EVP Joanne D. Smith sold 894 shares of Delta Air Lines stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $56.50, for a total transaction of $50,511.00. Following the sale, the executive vice president now owns 72,393 shares of the company’s stock, valued at approximately $4,090,204.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George N. Mattson purchased 10,000 shares of Delta Air Lines stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the transaction, the director now owns 66,510 shares in the company, valued at approximately $3,451,203.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 343,638 shares of company stock worth $19,592,923. Insiders own 0.37% of the company’s stock.
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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.
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