GMT Capital Corp Cuts Stake in Delta Air Lines, Inc. (DAL)
GMT Capital Corp lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,449,900 shares of the transportation company’s stock after selling 103,500 shares during the period. Delta Air Lines comprises approximately 1.5% of GMT Capital Corp’s holdings, making the stock its 18th biggest holding. GMT Capital Corp owned about 0.20% of Delta Air Lines worth $69,914,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DAL. Roundview Capital LLC grew its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 15 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 58 shares in the last quarter. MUFG Securities EMEA plc grew its holdings in Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after acquiring an additional 65 shares in the last quarter. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after acquiring an additional 125 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the sale, the executive vice president now owns 67,077 shares in the company, valued at $3,382,022.34. The disclosure for this sale can be found here. Insiders have sold a total of 219,810 shares of company stock worth $11,629,103 over the last 90 days. 0.37% of the stock is owned by insiders.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down $0.26 during trading hours on Friday, reaching $50.41. 4,160,100 shares of the company traded hands, compared to its average volume of 7,812,704. The company has a market cap of $35,940.98, a P/E ratio of 10.50, a PEG ratio of 1.53 and a beta of 1.28. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month 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 issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. Delta Air Lines’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. sell-side analysts anticipate that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.305 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a yield of 2.42%. Delta Air Lines’s dividend payout ratio is presently 24.50%.
Several research analysts have weighed in on DAL shares. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 2nd. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Barclays PLC started coverage on shares of Delta Air Lines in a report on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective for the company. Cowen Inc reissued a “buy” rating and set a $66.00 price objective on shares of Delta Air Lines in a report on Monday, August 14th. Finally, Morgan Stanley decreased their price objective on shares of Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.39.
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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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