Northern Oak Wealth Management Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,451 shares of the transportation company’s stock after purchasing an additional 9,717 shares during the quarter. Delta Air Lines comprises about 1.2% of Northern Oak Wealth Management Inc.’s investment portfolio, making the stock its 29th largest holding. Northern Oak Wealth Management Inc.’s holdings in Delta Air Lines were worth $7,529,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Delta Air Lines by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after purchasing an additional 956,945 shares in the last quarter. Boston Partners raised its stake in shares of Delta Air Lines by 9.4% during the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock valued at $475,158,000 after purchasing an additional 726,075 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 3.3% in the third 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 in the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock worth $360,748,000 after acquiring an additional 201,722 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Delta Air Lines by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 5,553,117 shares of the transportation company’s stock worth $310,975,000 after acquiring an additional 20,851 shares in the last quarter. Institutional investors and hedge funds own 87.57% of the company’s stock.
Shares of DAL stock opened at $55.60 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. The stock has a market capitalization of $39,558.87, a PE ratio of 11.23 and a beta of 1.16. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $60.79.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. equities analysts expect that Delta Air Lines, Inc. will post 6.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.22 annualized dividend and a yield of 2.19%. Delta Air Lines’s payout ratio is presently 24.70%.
In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of Delta Air Lines stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $56.47, for a total transaction of $1,411,750.00. Following the transaction, the chief executive officer now owns 240,508 shares of the company’s stock, valued at approximately $13,581,486.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul A. Jacobson sold 49,362 shares of Delta Air Lines stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total value of $2,971,592.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,250 shares of company stock worth $9,618,000. Corporate insiders own 0.37% of the company’s stock.
Several brokerages have commented on DAL. Imperial Capital reiterated an “outperform” rating and issued a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of Delta Air Lines from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday. Stephens set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Sanford C. Bernstein set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $67.22.
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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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