Advisor Group Inc. Has $3.60 Million Stake in Delta Air Lines, Inc. (DAL)
Advisor Group Inc. decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,727 shares of the transportation company’s stock after selling 15,013 shares during the period. Advisor Group Inc.’s holdings in Delta Air Lines were worth $3,603,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mutual of America Capital Management LLC grew its holdings in shares of Delta Air Lines by 68.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after acquiring an additional 61,298 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Delta Air Lines by 78.0% during the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock worth $38,368,000 after purchasing an additional 312,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Delta Air Lines by 57.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock worth $6,236,000 after purchasing an additional 42,150 shares during the period. US Bancorp DE grew its holdings in Delta Air Lines by 15.1% during the second quarter. US Bancorp DE now owns 1,381,854 shares of the transportation company’s stock worth $74,262,000 after purchasing an additional 181,027 shares during the period. Finally, Wesbanco Bank Inc. grew its holdings in Delta Air Lines by 2.7% during the second quarter. Wesbanco Bank Inc. now owns 55,360 shares of the transportation company’s stock worth $2,975,000 after purchasing an additional 1,475 shares during the period. Institutional investors own 87.54% of the company’s stock.
In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. Insiders sold 200,001 shares of company stock worth $10,630,333 over the last three months. 0.37% of the stock is currently owned by insiders.
A number of equities analysts recently commented on the company. BidaskClub cut Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Barclays PLC began coverage on shares of Delta Air Lines in a research report on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective for the company. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. UBS AG restated a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Finally, Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.39.
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Delta Air Lines, Inc. (NYSE DAL) traded up $0.14 during midday trading on Wednesday, hitting $49.04. 2,125,293 shares of the stock were exchanged, compared to its average volume of 7,881,300. The firm has a market capitalization of $34,970.00, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. research analysts predict that Delta Air Lines, Inc. will post 5.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.49%. Delta Air Lines’s dividend payout ratio (DPR) is 24.45%.
About Delta Air Lines
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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