DekaBank Deutsche Girozentrale raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,932 shares of the transportation company’s stock after acquiring an additional 46,589 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Delta Air Lines were worth $17,455,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in DAL. Xact Kapitalforvaltning AB increased its position in shares of Delta Air Lines by 17.3% in the second quarter. Xact Kapitalforvaltning AB now owns 32,606 shares of the transportation company’s stock valued at $1,752,000 after acquiring an additional 4,802 shares during the period. Norman Fields Gottscho Capital Management LLC boosted its stake in shares of Delta Air Lines by 26.3% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 80,385 shares of the transportation company’s stock valued at $4,320,000 after purchasing an additional 16,725 shares in the last quarter. Trust Co boosted its stake in shares of Delta Air Lines by 24.0% during the 1st quarter. Trust Co now owns 25,543 shares of the transportation company’s stock valued at $1,174,000 after purchasing an additional 4,944 shares in the last quarter. Cardinal Capital Management Inc. boosted its stake in shares of Delta Air Lines by 9.2% during the 2nd quarter. Cardinal Capital Management Inc. now owns 13,000 shares of the transportation company’s stock valued at $699,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Capital One National Association boosted its stake in shares of Delta Air Lines by 2.1% during the 2nd quarter. Capital One National Association now owns 14,856 shares of the transportation company’s stock valued at $798,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George N. Mattson bought 6,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the acquisition, the director now directly owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The disclosure for this purchase can be found here. Insiders sold 200,001 shares of company stock valued at $10,630,333 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.04. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 earnings per share. research analysts forecast that Delta Air Lines, Inc. will post 5.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 annualized dividend and a yield of 2.45%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.45%.
A number of equities research analysts have recently weighed in on DAL shares. Cowen and Company reaffirmed a “buy” rating and set a $66.00 target price on shares of Delta Air Lines in a research note on Monday, August 14th. BidaskClub lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Deutsche Bank AG cut their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 target price (down previously from $80.00) on shares of Delta Air Lines in a research note on Friday, September 22nd. Finally, UBS AG reaffirmed a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Delta Air Lines in a research note on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $63.39.
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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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