Carillon Tower Advisers Inc. reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,500 shares of the transportation company’s stock after selling 1,200 shares during the period. Carillon Tower Advisers Inc.’s holdings in Delta Air Lines were worth $2,448,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DAL. Lenox Wealth Management Inc. raised its position in shares of Delta Air Lines by 77.6% in the third quarter. Lenox Wealth Management Inc. now owns 904 shares of the transportation company’s stock worth $52,000 after acquiring an additional 395 shares during the period. Alps Advisors Inc. acquired a new position in shares of Delta Air Lines in the third quarter worth about $354,000. First Trust Advisors LP raised its position in shares of Delta Air Lines by 10.1% in the third quarter. First Trust Advisors LP now owns 441,001 shares of the transportation company’s stock worth $25,402,000 after acquiring an additional 40,556 shares during the period. Unigestion Holding SA acquired a new position in shares of Delta Air Lines in the third quarter worth about $943,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Delta Air Lines by 3.2% in the third quarter. Daiwa Securities Group Inc. now owns 15,976 shares of the transportation company’s stock worth $920,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 86.73% of the company’s stock.
A number of research analysts have weighed in on the stock. Stephens downgraded shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $75.00 to $57.00 in a research report on Monday, October 14th. Macquarie set a $62.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, October 11th. Buckingham Research decreased their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Barclays set a $65.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Argus downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $64.94.
DAL stock opened at $56.50 on Thursday. The stock has a market capitalization of $37.24 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.69 and a beta of 1.13. The firm has a 50-day simple moving average of $55.33 and a 200-day simple moving average of $57.07. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.89. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $63.44.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.06. The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.61 billion. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 7.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be paid a dividend of $0.403 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.85%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.40. Delta Air Lines’s payout ratio is currently 28.50%.
In other news, CEO Edward H. Bastian sold 30,236 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of the sale, the chief executive officer now owns 323,955 shares of the company’s stock, valued at $18,643,610.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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