Physicians Financial Services Inc. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,500 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Lansdowne Partners UK LLP raised its stake in Delta Air Lines by 9.6% in the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock valued at $1,393,561,000 after purchasing an additional 2,462,310 shares during the last quarter. BlackRock Inc. raised its stake in Delta Air Lines by 3.6% in the 3rd quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock valued at $2,137,290,000 after purchasing an additional 1,297,215 shares during the last quarter. Investec Asset Management LTD raised its stake in Delta Air Lines by 44.5% in the 2nd quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after purchasing an additional 1,152,284 shares during the last quarter. Janus Henderson Group PLC raised its stake in Delta Air Lines by 74.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock valued at $91,988,000 after purchasing an additional 793,984 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Delta Air Lines by 1,038.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock valued at $42,285,000 after purchasing an additional 778,585 shares during the last quarter. 87.66% of the stock is owned by hedge funds and other institutional investors.

NYSE:DAL traded down $0.70 during trading hours on Friday, hitting $57.38. The company had a trading volume of 54,629 shares, compared to its average volume of 6,069,675. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $39.04 billion, a P/E ratio of 11.70, a PEG ratio of 0.65 and a beta of 0.93. Delta Air Lines, Inc. has a 1 year low of $48.52 and a 1 year high of $61.32.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.06. The company had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same period in the prior year, the business earned $1.57 EPS. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 5.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.44%. The ex-dividend date was Tuesday, November 6th. Delta Air Lines’s payout ratio is currently 28.40%.

Several research analysts recently commented on the company. Imperial Capital increased their price objective on Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday. ValuEngine raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Citigroup increased their price objective on Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. Susquehanna Bancshares assumed coverage on Delta Air Lines in a research note on Wednesday, November 28th. They issued a “positive” rating and a $69.00 price objective for the company. Finally, Goldman Sachs Group assumed coverage on Delta Air Lines in a research note on Monday, November 12th. They issued a “neutral” rating and a $64.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $68.60.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports 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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