Aberdeen Asset Management PLC UK raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 810,268 shares of the transportation company’s stock after acquiring an additional 8,950 shares during the period. Aberdeen Asset Management PLC UK owned approximately 0.11% of Delta Air Lines worth $43,543,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in DAL. BlackRock Inc. raised its stake in Delta Air Lines by 2,951.4% during the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after acquiring an additional 43,777,555 shares in the last quarter. Winslow Capital Management LLC raised its stake in Delta Air Lines by 5,815,030.8% during the 1st quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after acquiring an additional 4,535,724 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Delta Air Lines by 85.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after acquiring an additional 3,245,791 shares in the last quarter. Sound Shore Management Inc. CT bought a new stake in Delta Air Lines during the 2nd quarter valued at $158,224,000. Finally, Primecap Management Co. CA increased its position in shares of Delta Air Lines by 9.3% during the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after purchasing an additional 1,930,614 shares during the period. 86.49% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on DAL. Imperial Capital reiterated an “in-line” rating and set a $52.00 price target on shares of Delta Air Lines in a research report on Friday, May 19th. BidaskClub upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Vetr cut Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 price target on the stock. in a research report on Thursday, June 1st. Atlantic Securities began coverage on Delta Air Lines in a research report on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target on the stock. Finally, Barclays PLC began coverage on Delta Air Lines in a research report on Thursday, August 10th. They set an “overweight” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.97.
In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of the business’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares in the company, valued at $410,968.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Glen W. Hauenstein sold 67,000 shares of the company’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 sale, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 267,000 shares of company stock worth $293,520 and sold 75,700 shares worth $4,171,150. 0.37% of the stock is owned by insiders.
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Delta Air Lines, Inc. (NYSE DAL) traded down 0.04% during mid-day trading on Friday, reaching $48.25. The company had a trading volume of 17,746,232 shares. The firm’s 50-day moving average price is $48.42 and its 200-day moving average price is $49.15. Delta Air Lines, Inc. has a 12 month low of $36.85 and a 12 month high of $55.75. The stock has a market cap of $35.13 billion, a PE ratio of 9.56 and a beta of 1.25.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.02). The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.53%. 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. Delta Air Lines’s payout ratio is presently 24.25%.
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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