Alpine Woods Capital Investors LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 72.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,200 shares of the transportation company’s stock after acquiring an additional 127,600 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Delta Air Lines were worth $14,669,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Roundview Capital LLC boosted its holdings in shares of Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after acquiring an additional 15 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in Delta Air Lines by 1.2% during the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after buying an additional 58 shares during the period. MUFG Securities EMEA plc lifted its holdings in Delta Air Lines by 1.2% during the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after buying an additional 65 shares during the period. Advisory Services Network LLC lifted its holdings in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in Delta Air Lines by 0.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after buying an additional 125 shares during the period. 86.81% of the stock is currently owned by institutional investors.
In related news, Director George N. Mattson acquired 6,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of $45.44 per share, with a total value of $272,640.00. Following the acquisition, the director now owns 61,510 shares of the company’s stock, valued at approximately $2,795,014.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $53.61, for a total value of $1,815,395.43. The disclosure for this sale can be found here. Insiders have sold a total of 200,001 shares of company stock valued at $10,630,333 over the last three months. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same period in the previous year, the company posted $1.70 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. sell-side analysts predict that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is 24.45%.
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Several research analysts have commented on the company. BidaskClub downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Barclays PLC assumed coverage on Delta Air Lines in a report on Thursday, August 10th. They set an “overweight” rating and a $70.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. UBS AG reaffirmed a “buy” rating and set a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $63.39.
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.
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