Swiss National Bank trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 668,107 shares of the transportation company’s stock after selling 8,800 shares during the period. Swiss National Bank’s holdings in Delta Air Lines were worth $37,414,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its position in Delta Air Lines by 9.4% during the 4th quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock worth $475,158,000 after acquiring an additional 726,075 shares during the period. Dimensional Fund Advisors LP lifted its position in Delta Air Lines by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after acquiring an additional 250,731 shares during the period. APG Asset Management N.V. lifted its position in Delta Air Lines by 12.3% during the 3rd quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after acquiring an additional 449,700 shares during the period. LSV Asset Management lifted its position in Delta Air Lines by 2.6% during the 4th quarter. LSV Asset Management now owns 4,008,613 shares of the transportation company’s stock worth $224,482,000 after acquiring an additional 101,300 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in Delta Air Lines by 35.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after acquiring an additional 1,055,182 shares during the period. 85.14% of the stock is owned by institutional investors.
In related news, President Glen W. Hauenstein sold 31,600 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.83, for a total value of $1,764,228.00. Following the completion of the transaction, the president now directly owns 204,018 shares of the company’s stock, valued at approximately $11,390,324.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 20,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 363,447 shares of company stock valued at $20,591,693 over the last ninety days. 0.37% of the stock is currently owned by company insiders.
A number of analysts have weighed in on DAL shares. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Vetr cut Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price objective for the company. in a research report on Monday, November 13th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Finally, Cowen increased their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $65.35.
Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $52.85 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $37,680.00, a P/E ratio of 10.70, a PEG ratio of 0.71 and a beta of 1.14. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.79.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s payout ratio 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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