Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,806 shares of the transportation company’s stock after purchasing an additional 6,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Delta Air Lines were worth $16,309,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Mountain Capital Investment Advisors Inc purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at about $114,000. BB&T Investment Services Inc. purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at about $128,000. Bessemer Group Inc. increased its holdings in shares of Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,298 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Delta Air Lines by 40.9% in the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.
In other Delta Air Lines news, CEO Edward H. Bastian sold 159,240 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Sear sold 6,898 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Insiders have sold a total of 239,810 shares of company stock valued at $12,684,903 over the last ninety days. 0.37% of the stock is owned by insiders.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping 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 company had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. research analysts forecast that Delta Air Lines, Inc. will post 5 EPS for the current year.
The business also recently disclosed 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 is Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.33%. Delta Air Lines’s payout ratio is 24.50%.
A number of research analysts have recently commented on DAL shares. Cowen reiterated a “buy” rating and issued a $66.00 price objective on shares of Delta Air Lines in a report on Monday, August 14th. Deutsche Bank dropped their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a report on Friday, September 22nd. UBS reiterated a “buy” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus 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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