Nomura Asset Management Co. Ltd. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,986 shares of the transportation company’s stock after buying an additional 2,760 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $1,397,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IHT Wealth Management LLC raised its position in shares of Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at $114,000. Bessemer Group Inc. raised its position in shares of Delta Air Lines by 104.3% during the 2nd 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. Advisory Services Network LLC raised its position in shares of 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 valued at $137,000 after acquiring an additional 75 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at $128,000. 85.24% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on DAL shares. Deutsche Bank dropped their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Finally, Cowen restated a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $63.64.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $56.10 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $56.49. The company has a market cap of $39,391.77, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.68 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.04. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. research analysts expect that Delta Air Lines, Inc. will post 5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $53.61, for a total value of $1,815,395.43. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,810 shares of company stock valued at $12,684,903. Corporate insiders own 0.37% of the company’s stock.

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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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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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