Profund Advisors LLC Grows Holdings in Delta Air Lines, Inc. (DAL)
Profund Advisors LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,861 shares of the transportation company’s stock after purchasing an additional 3,691 shares during the quarter. Profund Advisors LLC’s holdings in Delta Air Lines were worth $1,224,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Baker Ellis Asset Management LLC purchased a new position in Delta Air Lines during the 4th quarter worth $106,000. SeaCrest Wealth Management LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at $121,000. Global Trust Asset Management LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at $185,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Delta Air Lines by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the period. Finally, Nadler Financial Group Inc. purchased a new position in shares of Delta Air Lines in the 4th quarter valued at $202,000. Institutional investors own 90.05% of the company’s stock.
In related news, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the transaction, the chief executive officer now directly owns 338,719 shares in the company, valued at approximately $18,981,812.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George N. Mattson bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the purchase, the director now owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 323,638 shares of company stock worth $18,537,123. 0.37% of the stock is owned by company insiders.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. analysts predict that Delta Air Lines, Inc. will post 6.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 annualized dividend and a yield of 2.16%. Delta Air Lines’s dividend payout ratio (DPR) is 24.70%.
A number of brokerages have recently issued reports on DAL. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Vetr downgraded Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a report on Wednesday, November 29th. Cowen lifted their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $67.05.
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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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