Pinebridge Investments L.P. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 222.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,633 shares of the transportation company’s stock after purchasing an additional 19,063 shares during the quarter. Pinebridge Investments L.P.’s holdings in Delta Air Lines were worth $1,547,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of DAL. Janus Henderson Group PLC lifted its position in shares of Delta Air Lines by 70.2% during the second quarter. Janus Henderson Group PLC now owns 43,445 shares of the transportation company’s stock worth $2,335,000 after purchasing an additional 17,919 shares in the last quarter. Shell Asset Management Co. lifted its position in shares of Delta Air Lines by 179.9% during the third quarter. Shell Asset Management Co. now owns 37,663 shares of the transportation company’s stock worth $1,362,000 after purchasing an additional 24,208 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Delta Air Lines during the third quarter worth about $646,000. Raymond James Trust N.A. increased its stake in shares of Delta Air Lines by 9.7% during the third quarter. Raymond James Trust N.A. now owns 16,516 shares of the transportation company’s stock worth $796,000 after buying an additional 1,463 shares during the period. Finally, Mackay Shields LLC increased its stake in shares of Delta Air Lines by 25.0% during the third quarter. Mackay Shields LLC now owns 378,997 shares of the transportation company’s stock worth $18,275,000 after buying an additional 75,868 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines, Inc. (DAL) opened at $53.46 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market cap of $37,466.74, a P/E ratio of 10.82, a PEG ratio of 0.70 and a beta of 1.14. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 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 (EPS) 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 net margin of 8.67% and a return on equity of 26.28%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. research analysts predict that Delta Air Lines, Inc. will post 6.44 EPS for the current year.
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
A number of analysts recently weighed in on the stock. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Monday, December 18th. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Vetr lowered shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price on the stock. in a research note on Wednesday, November 29th. Finally, Cowen upped their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.76.
In other news, COO W Gilbert West sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $56.06, for a total transaction of $504,540.00. Following the transaction, the chief operating officer now directly owns 61,872 shares in the company, valued at $3,468,544.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George N. Mattson bought 10,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the transaction, the director now owns 66,510 shares of the company’s stock, 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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