American Century Companies Inc. Has $152.41 Million Position in Delta Air Lines, Inc. (DAL)
American Century Companies Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,160,741 shares of the transportation company’s stock after acquiring an additional 245,367 shares during the period. American Century Companies Inc. owned 0.44% of Delta Air Lines worth $152,411,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DAL. FNY Managed Accounts LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Delta Air Lines during the second quarter valued at $114,000. BB&T Investment Services Inc. acquired a new stake in shares of Delta Air Lines during the second quarter valued at $128,000. Bessemer Group Inc. boosted its stake in shares of Delta Air Lines by 104.3% during the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,298 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.
In other Delta Air Lines news, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George N. Mattson acquired 6,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the completion of the acquisition, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 20,000 shares of company stock worth $273,760 and have sold 200,001 shares worth $10,630,333. Company insiders own 0.37% of the company’s stock.
DAL has been the topic of a number of research analyst reports. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price target on the stock in a research note on Tuesday, July 25th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG reissued a “buy” rating and issued a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. UBS AG reissued a “buy” rating and issued a $62.00 price target (down from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Finally, Zacks Investment Research lowered Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $64.16.
Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $50.06 on Thursday. The company has a market capitalization of $35,584.49, a PE ratio of 10.40, a P/E/G ratio of 1.51 and a beta of 1.28. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a twelve month low of $43.13 and a twelve month high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.53 by $0.04. The business had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. research analysts predict that Delta Air Lines, Inc. will post 5.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.44%. Delta Air Lines’s payout ratio is currently 24.50%.
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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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