Delta Air Lines, Inc. (DAL) Shares Bought by Swiss National Bank
Swiss National Bank grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 676,907 shares of the transportation company’s stock after purchasing an additional 11,300 shares during the period. Swiss National Bank owned approximately 94,941.86% of Delta Air Lines worth $32,640,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DAL. Vanguard Group Inc. boosted its position in shares of Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after purchasing an additional 274,997 shares during the period. Boston Partners boosted its position in shares of 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 purchasing an additional 190,531 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 531,518 shares during the period. AJO LP boosted its position in shares of 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 purchasing an additional 986,803 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of 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 purchasing an additional 2,343,531 shares during the period. 87.54% of the stock is currently owned by institutional investors.
In other Delta Air Lines news, EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $53.61, for a total value of $1,815,395.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. Insiders sold 200,001 shares of company stock valued at $10,630,333 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.
Delta Air Lines, Inc. (NYSE:DAL) opened at $50.45 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $35,170.96, a P/E ratio of 10.28, a P/E/G ratio of 1.49 and a beta of 1.28. Delta Air Lines, Inc. has a one year low of $43.81 and a one year high of $55.75.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. research analysts predict that Delta Air Lines, Inc. will post 5.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors 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 dividend on an annualized basis and a yield of 2.42%. Delta Air Lines’s dividend payout ratio is presently 24.50%.
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A number of equities analysts recently weighed in on DAL shares. Deutsche Bank AG decreased their price target on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Vetr upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research report on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.39.
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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