Sei Investments Co. boosted its stake in Delta Air Lines Inc. (NYSE:DAL) by 34.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 686,322 shares of the company’s stock after buying an additional 176,946 shares during the period. Sei Investments Co. owned 0.09% of Delta Air Lines worth $27,014,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC increased its position in shares of Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock valued at $100,000 after buying an additional 2,648 shares in the last quarter. Physicians Financial Services Inc. bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $110,000. Capital Guardian Trust Co. increased its position in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock valued at $116,000 after buying an additional 2,000 shares in the last quarter. FTB Advisors Inc. increased its position in shares of Delta Air Lines by 7.4% in the third quarter. FTB Advisors Inc. now owns 3,106 shares of the company’s stock valued at $122,000 after buying an additional 214 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Delta Air Lines during the second quarter valued at approximately $124,000. 81.89% of the stock is owned by institutional investors.
Shares of Delta Air Lines Inc. (NYSE:DAL) traded up 0.2644% during midday trading on Friday, reaching $49.3401. 1,170,888 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $43.05 and its 200-day moving average is $40.00. The stock has a market cap of $36.51 billion, a PE ratio of 8.0007 and a beta of 0.89. Delta Air Lines Inc. has a 12-month low of $32.60 and a 12-month high of $52.77.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The firm had revenue of $10.48 billion for the quarter. During the same period last year, the firm posted $1.74 EPS. Delta Air Lines’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines Inc. will post $5.70 EPS 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 issued a $0.2025 dividend. This represents a $0.81 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, November 8th. Delta Air Lines’s dividend payout ratio (DPR) is presently 13.11%.
Several research analysts have commented on DAL shares. Cowen and Company restated an “outperform” rating and issued a $55.00 target price on shares of Delta Air Lines in a research note on Thursday, August 11th. Piper Jaffray Cos. set a $35.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Sunday, August 21st. Imperial Capital started coverage on Delta Air Lines in a research note on Wednesday, August 24th. They issued an “in-line” rating and a $41.00 target price for the company. Zacks Investment Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Finally, Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $43.41 target price for the company. in a research note on Wednesday, September 7th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and a consensus target price 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 shares were sold at an average price of $37.18, for a total value of $173,630.60. Following the transaction, the executive vice president now owns 52,173 shares of the company’s stock, valued at $1,939,792.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $519,159.42. Following the completion of the transaction, the chief operating officer now directly owns 95,313 shares in the company, valued at approximately $4,237,615.98. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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