LS Investment Advisors LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,317 shares of the transportation company’s stock after buying an additional 1,323 shares during the period. LS Investment Advisors LLC’s holdings in Delta Air Lines were worth $1,210,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. First National Trust Co. boosted its stake in Delta Air Lines by 7.0% in the third quarter. First National Trust Co. now owns 40,911 shares of the transportation company’s stock valued at $1,610,000 after buying an additional 2,665 shares during the period. Rock Point Advisors LLC bought a new stake in Delta Air Lines during the third quarter valued at $2,291,000. Coronation Fund Managers Ltd. bought a new stake in Delta Air Lines during the third quarter valued at $14,088,000. Columbia Asset Management bought a new stake in Delta Air Lines during the third quarter valued at $422,000. Finally, NEXT Financial Group Inc boosted its stake in Delta Air Lines by 83.6% in the third quarter. NEXT Financial Group Inc now owns 12,906 shares of the transportation company’s stock valued at $508,000 after buying an additional 5,875 shares during the period. Hedge funds and other institutional investors own 79.44% of the company’s stock.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 1.57% during midday trading on Friday, reaching $48.41. 2,740,796 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $46.71 and its 200-day moving average is $48.08. The stock has a market cap of $35.24 billion, a PE ratio of 8.93 and a beta of 0.75. Delta Air Lines, Inc. has a 12-month low of $32.60 and a 12-month high of $52.76.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.14 billion. During the same quarter in the previous year, the business posted $1.32 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 17th. Delta Air Lines’s dividend payout ratio (DPR) is 14.04%.
Several research firms have recently weighed in on DAL. Morgan Stanley restated an “overweight” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Wednesday, February 22nd. Zacks Investment Research lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.26 target price on the stock. in a report on Monday, January 23rd. Cowen and Company reaffirmed an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a report on Monday, March 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $44.00 target price on shares of Delta Air Lines in a report on Friday, March 3rd. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.26.
In other news, Director Francis S. Blake acquired 5,665 shares of the business’s stock in a transaction on Monday, April 17th. The shares were acquired at an average price of $44.12 per share, for a total transaction of $249,939.80. Following the completion of the transaction, the director now directly owns 24,187 shares of the company’s stock, valued at approximately $1,067,130.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 4,475 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $49.32, for a total transaction of $220,707.00. Following the transaction, the executive vice president now owns 85,398 shares in the company, valued at approximately $4,211,829.36. The disclosure for this sale can be found here. Insiders have acquired 274,165 shares of company stock worth $271,620 in the last quarter. Company insiders own 0.75% of the company’s stock.
Delta Air Lines Company 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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