First Dallas Securities Inc. trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.9% during the first quarter, HoldingsChannel.com reports. The firm owned 19,688 shares of the transportation company’s stock after selling 1,007 shares during the quarter. First Dallas Securities Inc.’s holdings in Delta Air Lines were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Boston Partners raised its stake in Delta Air Lines by 24.1% during the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock valued at $709,200,000 after purchasing an additional 2,669,765 shares during the period. FMR LLC grew its holdings in Delta Air Lines by 30.9% during the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock valued at $486,161,000 after buying an additional 2,298,101 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock valued at $389,356,000 after buying an additional 50,255 shares in the last quarter. Geode Capital Management LLC grew its holdings in Delta Air Lines by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock valued at $386,658,000 after buying an additional 532,550 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Delta Air Lines by 15.0% during the 1st quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock valued at $316,331,000 after buying an additional 798,959 shares in the last quarter. Institutional investors own 87.21% of the company’s stock.
Shares of Delta Air Lines stock opened at $55.99 on Monday. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.29. The company has a market capitalization of $36.67 billion, a PE ratio of 9.91, a P/E/G ratio of 0.60 and a beta of 1.15.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.06. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. The company had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.39 billion. During the same quarter in the previous year, the business earned $0.74 EPS. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 2nd were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, May 1st. Delta Air Lines’s payout ratio is currently 24.78%.
Several research firms have weighed in on DAL. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, May 13th. Imperial Capital raised their price target on Delta Air Lines from $53.00 to $58.00 and gave the company an “in-line” rating in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James raised their price target on Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Citigroup raised their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Stephens set a $63.00 price target on Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.27.
In other Delta Air Lines news, Director Michael P. Huerta sold 1,010 shares of Delta Air Lines stock in a transaction on Friday, May 24th. The stock was sold at an average price of $54.33, for a total transaction of $54,873.30. Following the completion of the sale, the director now directly owns 5,670 shares of the company’s stock, valued at approximately $308,051.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven M. Sear sold 8,993 shares of Delta Air Lines stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total value of $479,057.11. Following the sale, the insider now directly owns 76,150 shares of the company’s stock, valued at $4,056,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,468 shares of company stock valued at $6,118,032. 0.47% of the stock is owned by company insiders.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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