Today, Daiwa Securities Group Inc. invests in Delta Air Lines Inc. (DAL) Shares

Today, Daiwa Securities Group Inc. invests in Delta Air Lines Inc. (DAL) Shares
Daiwa Securities Group Inc. raised its stake in Delta Air Lines Inc. (NYSE:DAL) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,061 shares of the company’s stock after buying an additional 12,181 shares during the period. Daiwa Securities Group Inc.’s holdings in Delta Air Lines were worth $6,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in Delta Air Lines by 24.5% in the second quarter. Quantbot Technologies LP now owns 81,836 shares of the company’s stock valued at $2,981,000 after buying an additional 16,097 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in Delta Air Lines by 0.9% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 374,504 shares of the company’s stock valued at $13,643,000 after buying an additional 3,509 shares during the period. General Electric Co. raised its stake in Delta Air Lines by 7.2% in the second quarter. General Electric Co. now owns 2,566,916 shares of the company’s stock valued at $93,513,000 after buying an additional 173,037 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Delta Air Lines by 30.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,217,335 shares of the company’s stock valued at $44,348,000 after buying an additional 281,253 shares during the period. Finally, Strs Ohio raised its stake in Delta Air Lines by 38.8% in the second quarter. Strs Ohio now owns 1,975,080 shares of the company’s stock valued at $71,952,000 after buying an additional 551,720 shares during the period. Hedge funds and other institutional investors own 81.89% of the company’s stock.

Delta Air Lines Inc. (NYSE:DAL) traded up 0.06% during trading on Friday, hitting $49.24. The stock had a trading volume of 2,226,252 shares. Delta Air Lines Inc. has a 1-year low of $32.60 and a 1-year high of $52.77. The firm has a market cap of $36.44 billion, a price-to-earnings ratio of 7.98 and a beta of 0.89. The firm’s 50 day moving average is $43.05 and its 200 day moving average is $40.00.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $10.48 billion for the quarter. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.74 earnings per share. On average, analysts anticipate that Delta Air Lines Inc. will post $5.70 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be given a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, November 8th. Delta Air Lines’s dividend payout ratio (DPR) is presently 13.11%.

Several analysts have weighed in on the company. Imperial Capital upped their target price on Delta Air Lines from $44.00 to $52.00 and gave the company a “line” rating in a report on Tuesday. Vetr raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $47.62 target price on the stock in a report on Monday. Citigroup Inc. assumed coverage on Delta Air Lines in a report on Friday, November 18th. They issued a “buy” rating and a $61.00 target price on the stock. Deutsche Bank AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $53.78.

In other news, EVP Steven M. Sear sold 4,670 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $37.18, for a total transaction of $173,630.60. Following the sale, the executive vice president now directly owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Gilbert West sold 11,677 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $44.46, for a total value of $519,159.42. Following the sale, the chief operating officer now directly owns 95,313 shares in the company, valued at $4,237,615.98. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

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