Delta Air Lines (DAL) is Hosking Partners LLP’s 9th Largest Position

Hosking Partners LLP raised its holdings in Delta Air Lines (NYSE:DAL) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,187,145 shares of the transportation company’s stock after acquiring an additional 93,492 shares during the period. Delta Air Lines makes up 2.7% of Hosking Partners LLP’s investment portfolio, making the stock its 9th largest position. Hosking Partners LLP’s holdings in Delta Air Lines were worth $119,877,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in shares of 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 purchasing an additional 916 shares during the last quarter. Telemus Capital LLC increased its position in shares of 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 purchasing an additional 917 shares during the last quarter. Laurel Wealth Advisors Inc. increased its position in shares of Delta Air Lines by 15.9% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 7,300 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 999 shares during the last quarter. Vantage Financial Partners Ltd. Inc. increased its position in shares of Delta Air Lines by 23.8% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 5,200 shares of the transportation company’s stock valued at $289,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Stephens Inc. AR increased its position in shares of Delta Air Lines by 4.4% during the 4th quarter. Stephens Inc. AR now owns 24,390 shares of the transportation company’s stock valued at $1,366,000 after purchasing an additional 1,039 shares during the last quarter. 86.37% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. ValuEngine lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. JPMorgan Chase upgraded Delta Air Lines to a “buy” rating in a research report on Monday, April 30th. Morgan Stanley increased their price objective on Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, April 20th. Stifel Nicolaus increased their price objective on Delta Air Lines from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 5th. Finally, Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and an average target price of $68.24.

In other news, COO W Gilbert West sold 17,250 shares of Delta Air Lines stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 119,447 shares in the company, valued at approximately $6,569,585. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction that occurred 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 sale, the chief executive officer now owns 301,943 shares in the company, valued at $16,709,525.62. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Delta Air Lines opened at $53.52 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.33 and a current ratio of 0.39. Delta Air Lines has a 1 year low of $44.59 and a 1 year high of $60.79. The company has a market cap of $37.87 billion, a P/E ratio of 10.86 and a beta of 1.09.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company earned $0.77 EPS. Delta Air Lines’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts forecast that Delta Air Lines will post 6.15 earnings per share for the current fiscal 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 given a $0.305 dividend. The ex-dividend date is Thursday, May 10th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.28%. Delta Air Lines’s dividend payout ratio is currently 24.75%.

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

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