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Wedge Capital Management L L P NC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 349,008 shares of the transportation company’s stock after selling 90,184 shares during the period. Wedge Capital Management L L P NC’s holdings in Delta Air Lines were worth $19,544,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after buying an additional 250,731 shares during the period. APG Asset Management N.V. grew its position in shares of Delta Air Lines by 12.3% in the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock valued at $197,712,000 after purchasing an additional 449,700 shares during the period. Alyeska Investment Group L.P. boosted its position in Delta Air Lines by 35.8% during the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after acquiring an additional 1,055,182 shares during the last quarter. Investec Asset Management LTD acquired a new position in Delta Air Lines in the 3rd quarter valued at about $157,977,000. Finally, American Century Companies Inc. boosted its holdings in Delta Air Lines by 8.4% in the 3rd quarter. American Century Companies Inc. now owns 3,160,741 shares of the transportation company’s stock valued at $152,411,000 after purchasing an additional 245,367 shares during the last quarter. Hedge funds and other institutional investors own 85.09% of the company’s stock.
A number of equities research analysts have recently issued reports on DAL shares. Stephens reissued a “buy” rating and issued a $72.00 price target on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday. Imperial Capital restated an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Finally, Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $65.35.
In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the sale, the executive vice president now owns 67,077 shares in the company, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 363,447 shares of company stock worth $20,591,693. 0.37% of the stock is owned by company insiders.
Shares of Delta Air Lines, Inc. (DAL) traded down $0.78 during mid-day trading on Friday, reaching $50.46. 19,050,000 shares of the company’s stock were exchanged, compared to its average volume of 10,020,000. The firm has a market capitalization of $35,980.00, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.14. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.42%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
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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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