Mosaic Family Wealth LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the transportation company’s stock after buying an additional 600 shares during the period. Mosaic Family Wealth LLC’s holdings in Delta Air Lines were worth $326,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Virtus Investment Advisers Inc. acquired a new stake in Delta Air Lines during the third quarter worth $318,000. Bank of The West increased its position in Delta Air Lines by 1.4% in the first quarter. Bank of The West now owns 267,286 shares of the transportation company’s stock worth $12,284,000 after buying an additional 3,782 shares during the last quarter. Hanlon Investment Management Inc. purchased a new position in Delta Air Lines during the fourth quarter worth about $2,816,000. Hosking Partners LLP increased its position in Delta Air Lines by 13.6% in the third quarter. Hosking Partners LLP now owns 1,736,884 shares of the transportation company’s stock worth $68,364,000 after buying an additional 208,539 shares during the last quarter. Finally, Regent Investment Management LLC increased its position in Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock worth $752,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) opened at 52.00 on Friday. The firm has a market capitalization of $37.86 billion, a price-to-earnings ratio of 9.59 and a beta of 1.13. The stock has a 50 day moving average price of $49.73 and a 200-day moving average price of $48.76. Delta Air Lines, Inc. has a 52 week low of $32.60 and a 52 week high of $53.57.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. On average, analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 19th were paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, May 17th. Delta Air Lines’s dividend payout ratio (DPR) is currently 15.06%.
DAL has been the topic of a number of recent research reports. Cowen and Company reaffirmed an “outperform” rating and set a $58.00 price objective on shares of Delta Air Lines in a research report on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Friday, May 26th. Citigroup Inc. raised their price objective on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price target for the company. in a report on Tuesday, May 2nd. Finally, Imperial Capital reissued an “in-line” rating on shares of Delta Air Lines in a report on Friday, March 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.35.
In related news, Director Francis S. Blake purchased 5,665 shares of the stock in a transaction dated Monday, April 17th. The shares were acquired at an average cost of $44.12 per share, for a total transaction of $249,939.80. Following the acquisition, the director now directly owns 24,187 shares in the company, valued at approximately $1,067,130.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 4,475 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the completion of the sale, the executive vice president now owns 85,398 shares of the company’s stock, valued at $4,211,829.36. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 356,665 shares of company stock worth $278,020 and have sold 55,606 shares worth $2,753,289. 0.75% of the stock is owned by insiders.
About Delta Air Lines
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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