Pacer Advisors Inc. raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,319 shares of the transportation company’s stock after buying an additional 1,638 shares during the quarter. Pacer Advisors Inc.’s holdings in Delta Air Lines were worth $835,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DAL. Sound Shore Management Inc. CT acquired a new stake in Delta Air Lines in the 2nd quarter valued at approximately $158,224,000. TIAA CREF Investment Management LLC grew its holdings in 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 buying an additional 2,343,531 shares during the last quarter. PointState Capital LP acquired a new stake in Delta Air Lines in the 2nd quarter valued at approximately $106,866,000. Parametric Portfolio Associates LLC grew its holdings in Delta Air Lines by 140.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock valued at $129,730,000 after buying an additional 1,412,117 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its holdings in Delta Air Lines by 5,239.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,402,507 shares of the transportation company’s stock valued at $26,098,000 after buying an additional 1,376,239 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $50.11 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The company has a market capitalization of $35,727.08, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.52 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 announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The business 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 34.39% and a net margin of 10.65%. Delta Air Lines’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 EPS. equities analysts forecast that Delta Air Lines, Inc. will post 5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio is 24.50%.
In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 159,240 shares of Delta Air Lines stock in a transaction on Thursday, October 12th. The shares were 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. In the last quarter, insiders sold 219,810 shares of company stock valued at $11,629,103. Corporate insiders own 0.37% of the company’s stock.
DAL has been the topic of a number of research analyst reports. Zacks Investment Research lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Monday, August 21st. Imperial Capital reissued a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a report on Wednesday, September 6th. J P Morgan Chase & Co reissued an “overweight” rating and set a $63.00 price objective (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Cowen Inc reissued a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a report on Tuesday, September 5th. Finally, Morgan Stanley decreased their price objective on Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating on the stock in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average 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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