Westpac Banking Corp raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,522 shares of the transportation company’s stock after buying an additional 19,031 shares during the period. Westpac Banking Corp’s holdings in Delta Air Lines were worth $7,533,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of DAL. ETRADE Capital Management LLC bought a new position in shares of Delta Air Lines during the second quarter valued at $250,000. TIAA FSB bought a new position in shares of Delta Air Lines during the second quarter valued at $2,441,000. MML Investors Services LLC raised its stake in shares of Delta Air Lines by 7.3% during the second quarter. MML Investors Services LLC now owns 40,561 shares of the transportation company’s stock valued at $2,180,000 after acquiring an additional 2,748 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Delta Air Lines by 2.9% during the second quarter. California Public Employees Retirement System now owns 1,548,700 shares of the transportation company’s stock valued at $83,227,000 after acquiring an additional 43,200 shares during the last quarter. Finally, Wealthfront Inc. raised its stake in shares of Delta Air Lines by 13.8% during the second quarter. Wealthfront Inc. now owns 12,402 shares of the transportation company’s stock valued at $666,000 after acquiring an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 85.09% of the company’s stock.
DAL has been the subject of several analyst reports. Vetr raised shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target for the company in a research note on Wednesday, January 3rd. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Cowen raised their price target on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.35.
In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of Delta Air Lines stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Gilbert West sold 9,000 shares of Delta Air Lines stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.06, for a total transaction of $504,540.00. Following the completion of the sale, the chief operating officer now directly owns 61,872 shares of the company’s stock, valued at $3,468,544.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 363,447 shares of company stock valued at $20,591,693. Insiders own 0.37% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) traded down $0.77 during midday trading on Friday, reaching $50.46. 18,939,648 shares of the company were exchanged, compared to its average volume of 10,020,000. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The company has a market capitalization of $35,980.00, a P/E ratio of 10.21, a PEG ratio of 0.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.42%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.70%.
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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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