LSV Asset Management increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,463,449 shares of the transportation company’s stock after purchasing an additional 96,795 shares during the period. LSV Asset Management’s holdings in Delta Air Lines were worth $222,726,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Putnam Investments LLC boosted its holdings in Delta Air Lines by 0.4% during the third quarter. Putnam Investments LLC now owns 858,663 shares of the transportation company’s stock valued at $49,657,000 after acquiring an additional 3,178 shares during the period. South Texas Money Management Ltd. boosted its holdings in Delta Air Lines by 5.8% during the fourth quarter. South Texas Money Management Ltd. now owns 652,197 shares of the transportation company’s stock valued at $32,545,000 after acquiring an additional 35,740 shares during the period. Truvestments Capital LLC bought a new stake in Delta Air Lines during the third quarter valued at about $143,000. Gateway Investment Advisers LLC boosted its holdings in Delta Air Lines by 2.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 35,536 shares of the transportation company’s stock valued at $1,773,000 after acquiring an additional 871 shares during the period. Finally, First Hawaiian Bank boosted its holdings in Delta Air Lines by 14.2% during the fourth quarter. First Hawaiian Bank now owns 51,749 shares of the transportation company’s stock valued at $2,583,000 after acquiring an additional 6,444 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.
In related news, Director George N. Mattson bought 4,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average price of $50.91 per share, for a total transaction of $203,640.00. Following the completion of the purchase, the director now owns 72,530 shares in the company, valued at $3,692,502.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis S. Blake bought 5,185 shares of Delta Air Lines stock in a transaction that occurred on Monday, January 28th. The stock was bought at an average price of $48.17 per share, with a total value of $249,761.45. Following the purchase, the director now owns 47,885 shares of the company’s stock, valued at approximately $2,306,620.45. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 13,185 shares of company stock valued at $664,881. 0.33% of the stock is owned by corporate insiders.
NYSE DAL opened at $50.84 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.35 and a quick ratio of 0.28. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32. The stock has a market capitalization of $34.60 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.58 and a beta of 1.11.
Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The business had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.71 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s payout ratio is presently 24.78%.
A number of research firms have issued reports on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Vertical Research began coverage on shares of Delta Air Lines in a report on Monday, February 4th. They set a “hold” rating for the company. Imperial Capital restated an “outperform” rating and set a $77.00 price target (down from $81.00) on shares of Delta Air Lines in a report on Friday, December 14th. Credit Suisse Group restated a “buy” rating and set a $71.00 price target on shares of Delta Air Lines in a report on Monday, December 17th. Finally, Susquehanna Bancshares began coverage on shares of Delta Air Lines in a report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $67.22.
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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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