Delta Air Lines, Inc. (DAL) Holdings Boosted by Heritage Trust Co
Heritage Trust Co raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 39.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,875 shares of the transportation company’s stock after purchasing an additional 3,375 shares during the period. Heritage Trust Co’s holdings in Delta Air Lines were worth $573,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its position in Delta Air Lines by 22.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 277,465 shares of the transportation company’s stock valued at $14,903,000 after buying an additional 50,902 shares during the last quarter. Bessemer Group Inc. grew its position in Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after buying an additional 1,298 shares during the last quarter. Beach Investment Management LLC. grew its position in Delta Air Lines by 1,780.1% in the 2nd quarter. Beach Investment Management LLC. now owns 352,330 shares of the transportation company’s stock valued at $18,934,000 after buying an additional 333,590 shares during the last quarter. Hodges Capital Management Inc. grew its position in Delta Air Lines by 23.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 90,255 shares of the transportation company’s stock valued at $4,850,000 after buying an additional 16,906 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in Delta Air Lines in the 2nd quarter valued at $1,344,000. Institutional investors own 85.24% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) traded down $0.52 during mid-day trading on Wednesday, reaching $52.39. 5,536,100 shares of the company traded hands, compared to its average volume of 7,798,041. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month high of $55.75. The firm has a market cap of $37,723.41, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the previous year, the company posted $1.70 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. sell-side analysts predict that Delta Air Lines, Inc. will post 5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.
A number of equities analysts recently weighed in on DAL shares. Vetr lowered shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective on the stock. in a research report on Wednesday, November 29th. UBS reissued a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Zacks Investment Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. J P Morgan Chase & Co raised their target price on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.39.
In other Delta Air Lines news, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock valued at $12,684,903 in the last three months. 0.37% of the stock is currently owned by corporate insiders.
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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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