Delta Air Lines, Inc. (DAL) Holdings Lowered by Westpac Banking Corp
Westpac Banking Corp cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 86.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,491 shares of the transportation company’s stock after selling 750,632 shares during the period. Westpac Banking Corp’s holdings in Delta Air Lines were worth $5,569,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in DAL. BlackRock Inc. increased its position in shares of Delta Air Lines by 2,951.4% in the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after purchasing an additional 43,777,555 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $158,224,000. TIAA CREF Investment Management LLC increased its position in shares of Delta Air Lines by 77.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after purchasing an additional 2,343,531 shares during the last quarter. PointState Capital LP purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $106,866,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Delta Air Lines by 140.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock valued at $129,730,000 after purchasing an additional 1,412,117 shares during the last quarter. 87.68% of the stock is currently owned by institutional investors.
A number of brokerages have commented on DAL. BidaskClub downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Barclays PLC began coverage on shares of Delta Air Lines in a research report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. Finally, UBS AG reaffirmed a “buy” rating and issued a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $64.16.
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In other news, Director George N. Mattson bought 6,000 shares of Delta Air Lines stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. In the last 90 days, insiders bought 20,000 shares of company stock valued at $273,760 and sold 200,001 shares valued at $10,630,333. 0.37% of the stock is currently owned by company insiders.
Delta Air Lines, Inc. (NYSE:DAL) opened at $50.40 on Friday. Delta Air Lines, Inc. has a 52-week low of $41.75 and a 52-week 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. The stock has a market cap of $35,933.84, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the business earned $1.70 EPS. The business’s revenue was up 5.5% on a year-over-year basis. equities analysts anticipate that Delta Air Lines, Inc. will post 5.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.
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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