Delta Air Lines Inc. (DAL) Shares Bought by Investment House LLC
Investment House LLC increased its position in shares of Delta Air Lines Inc. (NYSE:DAL) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 190,410 shares of the company’s stock after buying an additional 345 shares during the period. Delta Air Lines makes up about 1.1% of Investment House LLC’s portfolio, making the stock its 28th largest position. Investment House LLC’s holdings in Delta Air Lines were worth $6,937,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $164,825,000. Adage Capital Partners GP L.L.C. raised its stake in Delta Air Lines by 74.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 7,142,571 shares of the company’s stock valued at $347,700,000 after buying an additional 3,037,891 shares during the last quarter. Institutional Capital LLC raised its stake in Delta Air Lines by 132.5% in the first quarter. Institutional Capital LLC now owns 3,941,006 shares of the company’s stock valued at $191,848,000 after buying an additional 2,245,719 shares during the last quarter. Douglas Lane & Associates LLC acquired a new stake in Delta Air Lines during the first quarter valued at approximately $106,366,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Delta Air Lines during the first quarter valued at approximately $96,984,000. 84.96% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines Inc. (NYSE:DAL) traded up 0.16% during mid-day trading on Tuesday, hitting $37.63. 7,551,448 shares of the stock traded hands. The firm’s 50-day moving average is $37.10 and its 200-day moving average is $41.33. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 6.13 and a beta of 0.90. Delta Air Lines Inc. has a 12-month low of $32.60 and a 12-month high of $52.77.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.51 billion. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Equities research analysts expect that Delta Air Lines Inc. will post $5.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were issued a dividend of $0.2025 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.81 dividend on an annualized basis and a yield of 2.15%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.14. Delta Air Lines’s payout ratio is currently 13.19%.
DAL has been the topic of several recent research reports. Zacks Investment Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 6th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $43.41 price target on the stock. in a report on Wednesday, September 7th. Evercore Partners Inc. reaffirmed a “hold” rating on shares of Delta Air Lines in a report on Friday, July 15th. Imperial Capital initiated coverage on shares of Delta Air Lines in a report on Wednesday, August 24th. They issued an “in-line” rating and a $41.00 price target on the stock. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $52.00 price target on shares of Delta Air Lines in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $55.43.
In related news, Chairman Richard H. Anderson sold 758,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $40.07, for a total transaction of $30,373,060.00. Following the sale, the chairman now owns 743,827 shares of the company’s stock, valued at $29,805,147.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul A. Jacobson acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were bought at an average cost of $38.91 per share, for a total transaction of $972,750.00. Following the acquisition, the chief financial officer now owns 328,631 shares of the company’s stock, valued at approximately $12,787,032.21. The disclosure for this purchase can be found here. Corporate insiders own 0.75% 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 around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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