Delta Air Lines, Inc. (DAL) Shares Bought by ClariVest Asset Management LLC

ClariVest Asset Management LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2,400,525.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,075 shares of the transportation company’s stock after acquiring an additional 288,063 shares during the period. ClariVest Asset Management LLC’s holdings in Delta Air Lines were worth $14,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Investment Advisors LLC increased its position in Delta Air Lines by 3.8% during the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock worth $316,000 after buying an additional 231 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Delta Air Lines by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock worth $45,000 after buying an additional 285 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its position in Delta Air Lines by 0.6% during the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,453 shares of the transportation company’s stock worth $2,617,000 after buying an additional 290 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in Delta Air Lines by 1.1% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 30,342 shares of the transportation company’s stock worth $1,514,000 after buying an additional 317 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Delta Air Lines by 12.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,551 shares of the transportation company’s stock worth $177,000 after buying an additional 388 shares during the period. Institutional investors and hedge funds own 89.33% of the company’s stock.

Shares of NYSE DAL opened at $50.47 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $61.32. The firm has a market capitalization of $34.60 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.58 and a beta of 1.11.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The company had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.71 billion. During the same quarter last year, the business earned $0.96 earnings per share. Delta Air Lines’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 28th. Delta Air Lines’s payout ratio is currently 24.78%.

In related news, Director Francis S. Blake purchased 5,185 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were bought at an average price of $48.17 per share, for a total transaction of $249,761.45. Following the completion of the transaction, the director now owns 47,885 shares of the company’s stock, valued at $2,306,620.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George N. Mattson purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $52.87 per share, for a total transaction of $211,480.00. Following the transaction, the director now directly owns 72,530 shares of the company’s stock, valued at approximately $3,834,661.10. The disclosure for this purchase can be found here. Insiders purchased 13,185 shares of company stock worth $664,881 in the last 90 days. 0.33% of the stock is owned by company insiders.

DAL has been the topic of several recent research reports. Deutsche Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and increased their price objective for the stock from $53.00 to $60.00 in a research report on Wednesday, October 17th. Goldman Sachs Group initiated coverage on Delta Air Lines in a research report on Monday, November 12th. They set a “neutral” rating and a $64.00 price objective on the stock. Credit Suisse Group initiated coverage on Delta Air Lines in a research report on Monday, November 19th. They set an “outperform” rating and a $71.00 price objective on the stock. Citigroup initiated coverage on Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective on the stock. Finally, Susquehanna Bancshares initiated coverage on Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.22.

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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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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