BB&T Securities LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,772 shares of the transportation company’s stock after selling 5,981 shares during the quarter. BB&T Securities LLC’s holdings in Delta Air Lines were worth $2,689,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. IHT Wealth Management LLC increased its holdings in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Delta Air Lines in the second quarter valued at about $114,000. Bessemer Group Inc. increased its holdings in shares of Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the period. Advisory Services Network LLC increased its holdings in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the period. Finally, BB&T Investment Services Inc. acquired a new position in shares of Delta Air Lines in the second quarter valued at about $128,000. Institutional investors own 85.24% of the company’s stock.
A number of research analysts have recently weighed in on the company. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday. Vetr lowered Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective on the stock. in a report on Wednesday, November 29th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. J P Morgan Chase & Co increased their price objective on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Finally, Cowen raised their target price on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.39.
Delta Air Lines, Inc. (NYSE DAL) opened at $52.91 on Tuesday. The stock has a market capitalization of $37,117.38, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $55.75.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. equities analysts forecast that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.31%. Delta Air Lines’s dividend payout ratio is currently 24.50%.
About Delta Air Lines
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.
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).
What are top analysts saying about Delta Air Lines Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Delta Air Lines Inc. and related companies.