VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) during the second quarter, Holdings Channel reports. The firm bought 307,800 shares of the transportation company’s stock, valued at approximately $15,138,000.
A number of other hedge funds also recently made changes to their positions in DAL. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth about $386,364,000. Pacer Advisors Inc. lifted its position in shares of Delta Air Lines by 5,224.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after buying an additional 4,255,262 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Delta Air Lines by 149.9% in the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after buying an additional 3,577,489 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Delta Air Lines by 347.4% in the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after buying an additional 3,286,741 shares in the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Delta Air Lines by 1,469.9% in the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after buying an additional 3,098,237 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Edward H. Bastian sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares of the company’s stock, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,510 shares of company stock valued at $2,979,663. 0.96% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on DAL
Delta Air Lines Trading Down 1.2%
DAL opened at $59.70 on Monday. The stock has a market cap of $38.98 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 1.37 and a beta of 1.50. The stock’s 50 day moving average price is $59.35 and its 200-day moving average price is $52.22. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The firm had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio is currently 10.56%.
Delta Air Lines Profile
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
Further Reading
- Five stocks we like better than Delta Air Lines
- How to Invest in the Best Canadian StocksĀ
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- The 3 Best Retail Stocks to Shop for in August
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- Russell 2000 Index, How Investors Use it For Profitable Trading
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.