Ceredex Value Advisors LLC acquired a new position in Delta Air Lines (NYSE:DAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 770,361 shares of the transportation company’s stock, valued at approximately $42,224,000. Ceredex Value Advisors LLC owned approximately 0.11% of Delta Air Lines as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Baker Ellis Asset Management LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $106,000. SeaCrest Wealth Management LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $121,000. Global Trust Asset Management LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $185,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Delta Air Lines by 233.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Amica Retiree Medical Trust bought a new stake in Delta Air Lines during the 4th quarter valued at $204,000. 89.57% of the stock is currently owned by institutional investors.
DAL has been the topic of several recent research reports. Stephens set a $71.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Thursday, March 29th. Morgan Stanley dropped their target price on Delta Air Lines from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, April 12th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, February 8th. ValuEngine cut Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Stifel Nicolaus increased their target price on Delta Air Lines to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.24.
Shares of DAL opened at $52.95 on Friday. Delta Air Lines has a 12 month low of $44.59 and a 12 month high of $60.79. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51. The firm has a market cap of $37.25 billion, a PE ratio of 10.74 and a beta of 1.09.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 12th. The transportation company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts forecast that Delta Air Lines will post 6.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a dividend of $0.305 per share. The ex-dividend date is Thursday, May 10th. This represents a $1.22 annualized dividend and a dividend yield of 2.30%. Delta Air Lines’s dividend payout ratio is presently 24.75%.
In related news, COO W Gilbert West sold 17,250 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total value of $948,750.00. Following the completion of the transaction, the chief operating officer now owns 119,447 shares in the company, valued at approximately $6,569,585. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $55.34, for a total value of $1,383,500.00. Following the completion of the transaction, the chief executive officer now owns 301,943 shares of the company’s stock, valued at approximately $16,709,525.62. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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