Victory Capital Management Inc. Acquires 238 Shares of Delta Air Lines Inc. (DAL)
Victory Capital Management Inc. boosted its position in Delta Air Lines Inc. (NYSE:DAL) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,409 shares of the company’s stock after buying an additional 238 shares during the period. Victory Capital Management Inc.’s holdings in Delta Air Lines were worth $926,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. raised its stake in shares of 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 worth $347,700,000 after buying an additional 3,037,891 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Delta Air Lines during the second quarter worth about $91,336,000. Institutional Capital LLC raised its stake in shares of Delta Air Lines by 132.5% in the first quarter. Institutional Capital LLC now owns 3,941,006 shares of the company’s stock worth $191,848,000 after buying an additional 2,245,719 shares during the period. RidgeWorth Capital Management LLC raised its stake in shares of Delta Air Lines by 181.6% in the second quarter. RidgeWorth Capital Management LLC now owns 3,189,431 shares of the company’s stock worth $117,275,000 after buying an additional 2,056,771 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Delta Air Lines during the first quarter worth about $96,984,000. 84.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Delta Air Lines Inc. (NYSE:DAL) traded up 1.104% during mid-day trading on Friday, hitting $38.925. 3,509,958 shares of the stock were exchanged. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of 6.340 and a beta of 0.90. Delta Air Lines Inc. has a 52-week low of $32.60 and a 52-week high of $52.77. The stock has a 50-day moving average price of $37.21 and a 200 day moving average price of $41.29.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 14th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Delta Air Lines had a net margin of 11.88% and a return on equity of 40.31%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. On average, equities research analysts expect that Delta Air Lines Inc. will post $5.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 12th were issued a $0.2025 dividend. The ex-dividend date was Wednesday, August 10th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.14. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.10%. Delta Air Lines’s dividend payout ratio is presently 13.19%.
DAL has been the topic of a number of recent analyst 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. reissued 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 target price on shares of Delta Air Lines in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $55.43.
In other Delta Air Lines news, EVP Steven M. Sear sold 4,670 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total transaction of $173,630.60. Following the transaction, the executive vice president now directly owns 52,173 shares in the company, valued at approximately $1,939,792.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George N. Mattson bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $36.50 per share, for a total transaction of $365,000.00. Following the completion of the acquisition, the director now owns 54,750 shares in the company, valued at $1,998,375. The disclosure for this purchase can be found here. 0.75% of the stock is currently owned by insiders.
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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