Delta Air Lines, Inc. (DAL) Holdings Increased by Lingohr & Partner Asset Management GmbH
Lingohr & Partner Asset Management GmbH boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,891 shares of the transportation company’s stock after purchasing an additional 9,400 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Delta Air Lines were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Point72 Europe London LLP purchased a new stake in Delta Air Lines in the 1st quarter worth approximately $9,137,000. Point72 Asset Management L.P. lifted its stake in Delta Air Lines by 7.2% in the 1st quarter. Point72 Asset Management L.P. now owns 1,136,900 shares of the transportation company’s stock worth $52,252,000 after purchasing an additional 76,700 shares in the last quarter. Northern Oak Wealth Management Inc. purchased a new stake in Delta Air Lines in the 1st quarter worth approximately $3,641,000. Lowe Brockenbrough & Co. Inc. lifted its stake in Delta Air Lines by 2.5% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 96,405 shares of the transportation company’s stock worth $4,431,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in Delta Air Lines in the 1st quarter worth approximately $6,311,000. Institutional investors and hedge funds own 87.61% of the company’s stock.
Several analysts have issued reports on DAL shares. Cowen and Company reiterated a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a research note on Monday, August 14th. BidaskClub cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Vetr raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price target on the stock in a report on Tuesday, July 18th. Deutsche Bank AG decreased their price target on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $75.00 price target (down previously from $80.00) on shares of Delta Air Lines in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $64.16.
Shares of Delta Air Lines, Inc. (NYSE DAL) traded down $0.30 during trading on Friday, reaching $48.89. 7,048,300 shares of the company’s stock were exchanged, compared to its average volume of 5,956,874. The company has a market cap of $34,857.25, a price-to-earnings ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $55.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. sell-side analysts expect that Delta Air Lines, Inc. will post 5.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.
In other news, EVP Joanne D. Smith sold 33,863 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $53.61, for a total value of $1,815,395.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Mattson bought 6,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the transaction, the director now owns 61,510 shares in the company, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 200,001 shares of company stock valued at $10,630,333. Corporate insiders own 0.37% of the company’s stock.
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.
Receive News & Ratings for Delta Air Lines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.