Delta Air Lines, Inc. (DAL) Shares Sold by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 45.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,057 shares of the transportation company’s stock after selling 417,905 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.07% of Delta Air Lines worth $27,410,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new stake in Delta Air Lines during the 1st quarter valued at about $100,000. TrimTabs Asset Management LLC lifted its holdings in Delta Air Lines by 88.8% during the 1st quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares in the last quarter. Bessemer Group Inc. lifted its holdings in 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 buying an additional 1,298 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Delta Air Lines by 40.3% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares in the last quarter. Finally, Ruggie Capital Group lifted its holdings in Delta Air Lines by 1,187.0% during the 1st quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock valued at $127,000 after buying an additional 2,552 shares in the last quarter. Institutional investors own 86.26% of the company’s stock.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.64% on Tuesday, hitting $48.63. 1,702,738 shares of the stock were exchanged. Delta Air Lines, Inc. has a 52-week low of $37.91 and a 52-week high of $55.75. The company’s 50 day moving average is $48.31 and its 200-day moving average is $49.10. The stock has a market cap of $35.40 billion, a PE ratio of 9.64 and a beta of 1.25. Delta Air Lines also was the target of unusually large options trading activity on Monday. Stock investors purchased 8,778 put options on the stock. This is an increase of approximately 113% compared to the typical daily volume of 4,113 put options.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 EPS. Analysts predict that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were issued a $0.305 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.22 annualized dividend and a yield of 2.52%. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.
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A number of equities research analysts recently weighed in on the stock. Barclays PLC assumed 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. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a report on Friday. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Wolfe Research upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, Macquarie assumed coverage on shares of Delta Air Lines in a report on Monday. They set an “outperform” rating and a $61.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average target price of $61.59.
In other news, Director George N. Mattson bought 6,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the acquisition, the director now directly owns 61,510 shares in the company, valued at $2,795,014.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the sale, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 191,000 shares of company stock worth $287,440 and sold 75,700 shares worth $4,171,150. 0.37% of the stock is owned by company insiders.
Delta Air Lines Company Profile
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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