Delta Air Lines, Inc. (DAL) Shares Bought by Meag Munich Ergo Kapitalanlagegesellschaft MBH
Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 253.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,696 shares of the transportation company’s stock after acquiring an additional 239,959 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Delta Air Lines were worth $16,219,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of DAL. Sound Shore Management Inc. CT acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $158,224,000. TIAA CREF Investment Management LLC increased its holdings in shares of Delta Air Lines by 77.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after purchasing an additional 2,343,531 shares during the last quarter. PointState Capital LP acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $106,866,000. Parametric Portfolio Associates LLC increased its holdings in shares of Delta Air Lines by 140.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock valued at $129,730,000 after purchasing an additional 1,412,117 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Delta Air Lines by 5,239.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,402,507 shares of the transportation company’s stock valued at $26,098,000 after purchasing an additional 1,376,239 shares during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines, Inc. (NYSE DAL) traded down $0.30 on Friday, hitting $48.89. The stock had a trading volume of 7,048,300 shares, compared to its average volume of 5,956,874. 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 twelve month low of $43.81 and a twelve month high of $55.75. The firm has a market capitalization of $34,857.25, a PE ratio of 10.19, a P/E/G ratio of 1.48 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same quarter last year, the company posted $1.70 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. equities research analysts forecast that Delta Air Lines, Inc. will post 5.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.50%.
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In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 33,863 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 13th. The shares were 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 three months, insiders have sold 200,001 shares of company stock worth $10,630,333. Corporate insiders own 0.37% of the company’s stock.
DAL has been the subject of several analyst reports. Vetr upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price objective for the company in a research report on Tuesday, July 18th. BidaskClub lowered Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Barclays PLC initiated coverage on Delta Air Lines in a research report on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price objective for the company. Finally, Cowen and Company reiterated a “buy” rating and issued a $66.00 price objective on shares of Delta Air Lines in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and an average price target of $64.16.
Delta Air Lines 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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