WS Management Lllp Has $18.27 Million Position in Delta Air Lines, Inc. (DAL)

WS Management Lllp lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 378,900 shares of the transportation company’s stock after selling 100,000 shares during the quarter. WS Management Lllp owned approximately 0.05% of Delta Air Lines worth $18,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Delta Air Lines by 0.6% during the second quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock worth $2,415,714,000 after acquiring an additional 274,997 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 250,731 shares during the last quarter. Boston Partners boosted its position in Delta Air Lines by 2.5% during the second quarter. Boston Partners now owns 7,774,829 shares of the transportation company’s stock worth $417,820,000 after acquiring an additional 190,531 shares during the last quarter. AJO LP boosted its position in Delta Air Lines by 21.2% during the second quarter. AJO LP now owns 5,637,157 shares of the transportation company’s stock worth $302,941,000 after acquiring an additional 986,803 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in Delta Air Lines by 77.6% during the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after acquiring an additional 2,343,531 shares during the last quarter. Institutional investors own 85.22% of the company’s stock.

Shares of Delta Air Lines, Inc. (DAL) opened at $52.06 on Friday. The stock has a market cap of $37,117.38, a P/E ratio of 10.85, a PEG ratio of 1.58 and a beta of 1.29. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $55.75. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the 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 firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same period in the prior year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. sell-side analysts anticipate that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, November 16th. Delta Air Lines’s payout ratio is currently 24.50%.

In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was 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. Over the last ninety days, insiders have sold 239,810 shares of company stock worth $12,684,903. 0.37% of the stock is owned by insiders.

A number of equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Delta Air Lines in a research report on Thursday, August 10th. They set an “overweight” rating and a $70.00 price target on the stock. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. UBS restated a “buy” rating and set a $62.00 price target (down from $65.00) on shares of Delta Air Lines in a research report on Saturday, September 30th. Finally, Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $63.39.

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

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