Delta Air Lines, Inc. (DAL) Shares Sold by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,398 shares of the transportation company’s stock after selling 362 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Delta Air Lines were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of DAL. Monetta Financial Services Inc. acquired a new stake in Delta Air Lines in the 1st quarter valued at about $1,034,000. Quantbot Technologies LP lifted its holdings in Delta Air Lines by 1,336.2% in the 1st quarter. Quantbot Technologies LP now owns 72,499 shares of the transportation company’s stock valued at $3,332,000 after acquiring an additional 67,451 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at about $279,000. KBC Group NV lifted its holdings in Delta Air Lines by 313.8% in the 1st quarter. KBC Group NV now owns 446,495 shares of the transportation company’s stock valued at $20,521,000 after acquiring an additional 338,598 shares during the last quarter. Finally, Fishman Jay A Ltd. MI acquired a new stake in Delta Air Lines in the 1st quarter valued at about $276,000. 86.26% of the stock is owned by institutional investors.
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Delta Air Lines, Inc. (NYSE DAL) traded down 0.52% during mid-day trading on Monday, hitting $51.74. 944,435 shares of the stock were exchanged. The firm has a 50-day moving average price of $48.09 and a 200-day moving average price of $49.25. The stock has a market capitalization of $37.67 billion, a P/E ratio of 10.26 and a beta of 1.25. Delta Air Lines, Inc. has a 12-month low of $37.91 and a 12-month high of $55.75. Delta Air Lines also was the recipient of some unusual options trading on Friday. Stock traders bought 24,677 call options on the stock. This represents an increase of approximately 214% compared to the average volume of 7,859 call options.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 21st. This represents a $1.22 annualized dividend and a yield of 2.35%. Delta Air Lines’s payout ratio is presently 24.25%.
In other news, Director George N. Mattson bought 6,000 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average price of $45.44 per share, for a total transaction of $272,640.00. Following the purchase, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares in the company, valued at approximately $4,170,042. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 141,000 shares of company stock worth $283,440 and sold 75,700 shares worth $4,171,150. Insiders own 0.37% of the company’s stock.
A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Atlantic Securities started coverage on shares of Delta Air Lines in a report on Tuesday, June 20th. They issued an “overweight” rating and a $68.00 price target for the company. Barclays PLC started coverage on shares of Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a research note on Tuesday, September 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $61.91.
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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