Delta Air Lines, Inc. (DAL) Holdings Lifted by Stephens Inc. AR
Stephens Inc. AR grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,351 shares of the transportation company’s stock after purchasing an additional 1,271 shares during the quarter. Stephens Inc. AR’s holdings in Delta Air Lines were worth $1,126,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Delta Air Lines by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after acquiring an additional 274,997 shares during the last quarter. Boston Partners grew its holdings in Delta Air Lines by 2.5% in the 2nd quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock valued at $417,820,000 after buying an additional 190,531 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,570,963 shares of the transportation company’s stock valued at $406,892,000 after buying an additional 531,518 shares in the last quarter. AJO LP grew its holdings in Delta Air Lines by 21.2% in the 2nd quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock valued at $302,941,000 after buying an additional 986,803 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Delta Air Lines by 77.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after buying an additional 2,343,531 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the completion of the transaction, the executive vice president now directly owns 67,077 shares in the company, valued at $3,382,022.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Sear sold 6,898 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,810 shares of company stock valued at $11,629,103. 0.37% of the stock is owned by corporate insiders.
A number of research analysts have commented on DAL shares. Deutsche Bank AG decreased their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a report on Tuesday, September 5th. Finally, Imperial Capital reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.39.
Shares of Delta Air Lines, Inc. (DAL) traded down $0.26 during mid-day trading on Thursday, hitting $50.41. The company had a trading volume of 4,160,100 shares, compared to its average volume of 7,812,704. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $55.75. The company has a market cap of $36,126.35, a P/E ratio of 10.56, a P/E/G ratio of 1.54 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period in the prior year, the company earned $1.70 EPS. Delta Air Lines’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts anticipate that Delta Air Lines, Inc. will post 5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is currently 24.50%.
Delta Air Lines Company 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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