Delta Air Lines, Inc. (DAL) Holdings Increased by Rock Point Advisors LLC
Rock Point Advisors LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,200 shares of the transportation company’s stock after acquiring an additional 1,015 shares during the period. Delta Air Lines accounts for approximately 1.3% of Rock Point Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Rock Point Advisors LLC owned approximately 8,303.29% of Delta Air Lines worth $2,855,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. IPG Investment Advisors LLC grew its holdings in Delta Air Lines by 44.4% during the 3rd quarter. IPG Investment Advisors LLC now owns 6,500 shares of the transportation company’s stock worth $313,000 after acquiring an additional 2,000 shares during the period. Principal Financial Group Inc. grew its holdings in Delta Air Lines by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,594,341 shares of the transportation company’s stock worth $125,099,000 after acquiring an additional 114,863 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Delta Air Lines by 1.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 299,345 shares of the transportation company’s stock worth $14,434,000 after acquiring an additional 3,639 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new stake in Delta Air Lines during the 3rd quarter worth about $201,000. Finally, Wesbanco Bank Inc. grew its holdings in Delta Air Lines by 19.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 66,120 shares of the transportation company’s stock worth $3,189,000 after acquiring an additional 10,760 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.
DAL has been the subject of a number of recent analyst reports. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price target for the company in a report on Tuesday, July 25th. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price target (up from $58.00) on shares of Delta Air Lines in a report on Friday, July 14th. UBS AG reiterated a “buy” rating and set a $62.00 price target (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, Zacks Investment Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $64.16.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down $0.41 during midday trading on Thursday, reaching $49.66. 1,747,523 shares of the company traded hands, compared to its average volume of 6,383,410. Delta Air Lines, Inc. has a twelve month low of $43.13 and a twelve month high of $55.75. The company has a market cap of $35,584.49, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts predict that Delta Air Lines, Inc. will post 5.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.305 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a yield of 2.46%. Delta Air Lines’s payout ratio is 24.50%.
In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George N. Mattson bought 6,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the transaction, the director now owns 61,510 shares in the company, valued at $2,795,014.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,000 shares of company stock worth $273,760 and have sold 200,001 shares worth $10,630,333. 0.37% of the stock is owned by company insiders.
About Delta Air Lines
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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