Psagot Investment House Ltd. Reduces Holdings in Delta Air Lines, Inc. (DAL)

Psagot Investment House Ltd. lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,200 shares of the transportation company’s stock after selling 3,500 shares during the period. Psagot Investment House Ltd.’s holdings in Delta Air Lines were worth $1,890,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DAL. Asset Management One Co. Ltd. increased its stake in shares of Delta Air Lines by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 304,366 shares of the transportation company’s stock worth $14,680,000 after acquiring an additional 5,181 shares during the last quarter. AMP Capital Investors Ltd increased its stake in shares of Delta Air Lines by 3.4% in the third quarter. AMP Capital Investors Ltd now owns 303,174 shares of the transportation company’s stock worth $14,620,000 after acquiring an additional 10,034 shares during the last quarter. NWQ Investment Management Company LLC increased its stake in shares of Delta Air Lines by 18.9% in the third quarter. NWQ Investment Management Company LLC now owns 815,509 shares of the transportation company’s stock worth $39,324,000 after acquiring an additional 129,393 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Delta Air Lines by 10.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,986 shares of the transportation company’s stock worth $1,397,000 after acquiring an additional 2,760 shares during the last quarter. Finally, Partners Capital Investment Group Holdings LLC acquired a new position in shares of Delta Air Lines in the third quarter worth $639,000. 85.24% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on DAL. Barclays began coverage on shares of Delta Air Lines in a research note on Thursday, August 10th. They issued an “overweight” rating and a $70.00 price target on the stock. Vetr downgraded shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a research note on Wednesday, November 29th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Wolfe Research upgraded shares of Delta Air Lines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $63.39.

Delta Air Lines, Inc. (NYSE:DAL) traded down $0.09 during mid-day trading on Thursday, reaching $52.30. 4,190,300 shares of the company’s stock were exchanged, compared to its average volume of 7,782,691. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a one year low of $43.81 and a one year high of $55.75. The company has a market capitalization of $37,352.66, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.59 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the prior year, the company earned $1.70 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. equities analysts forecast that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.50%.

In other news, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were 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. Insiders have sold 239,810 shares of company stock valued at $12,684,903 in the last ninety days. 0.37% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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