Bronfman E.L. Rothschild L.P. Grows Holdings in Delta Air Lines, Inc. (DAL)
Bronfman E.L. Rothschild L.P. boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,135 shares of the transportation company’s stock after purchasing an additional 1,076 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Delta Air Lines were worth $489,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in DAL. ING Groep NV lifted its stake in Delta Air Lines by 13.6% in the third quarter. ING Groep NV now owns 201,246 shares of the transportation company’s stock valued at $9,704,000 after buying an additional 24,160 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Delta Air Lines by 63.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 189,865 shares of the transportation company’s stock valued at $9,155,000 after buying an additional 73,829 shares during the last quarter. Sound Shore Management Inc. CT lifted its stake in Delta Air Lines by 0.8% in the third quarter. Sound Shore Management Inc. CT now owns 2,968,928 shares of the transportation company’s stock valued at $143,162,000 after buying an additional 24,687 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Delta Air Lines in the third quarter valued at $289,000. Finally, Harbour Capital Advisors LLC lifted its stake in Delta Air Lines by 17.2% in the third quarter. Harbour Capital Advisors LLC now owns 30,578 shares of the transportation company’s stock valued at $1,474,000 after buying an additional 4,480 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total value of $998,769.78. Following the sale, the executive vice president now directly owns 67,077 shares in the company, valued at $3,382,022.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,810 shares of company stock worth $11,629,103. 0.37% of the stock is owned by company insiders.
Shares of Delta Air Lines, Inc. (NYSE DAL) traded down $0.26 during midday trading on Thursday, hitting $50.41. 4,160,100 shares of the company were exchanged, compared to its average volume of 7,812,704. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $55.75. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $36,126.35, a PE ratio of 10.56, a P/E/G ratio of 1.54 and a beta of 1.28.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the 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 firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the previous year, the business earned $1.70 earnings per share. Delta Air Lines’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts expect that Delta Air Lines, Inc. will post 5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.
A number of research firms have issued reports on DAL. Vetr cut Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co raised their target price on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Cowen and Company lifted their price objective on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Finally, Imperial Capital upgraded shares of Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.39.
Delta Air Lines 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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