Stephens Inc. AR lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,390 shares of the transportation company’s stock after purchasing an additional 1,039 shares during the period. Stephens Inc. AR’s holdings in Delta Air Lines were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of DAL. Investec Asset Management LTD acquired a new stake in shares of Delta Air Lines in the third quarter worth $157,977,000. Anchor Bolt Capital LP acquired a new position in Delta Air Lines during the 3rd quarter valued at $68,141,000. Alyeska Investment Group L.P. raised its stake in Delta Air Lines by 35.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after purchasing an additional 1,055,182 shares during the last quarter. Brown Advisory Inc. raised its stake in Delta Air Lines by 441.1% during the 3rd quarter. Brown Advisory Inc. now owns 989,197 shares of the transportation company’s stock valued at $47,699,000 after purchasing an additional 806,389 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in Delta Air Lines during the 4th quarter valued at $41,568,000. Institutional investors and hedge funds own 85.09% of the company’s stock.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $50.46 on Friday. The stock has a market cap of $35,976.62, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.15. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79.
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 issued 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%.
In other news, CEO Edward H. Bastian sold 20,000 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total transaction of $998,769.78. Following the completion of the sale, the executive vice president now directly owns 67,077 shares in the company, valued at approximately $3,382,022.34. The disclosure for this sale can be found here. Insiders sold a total of 363,447 shares of company stock worth $20,591,693 in the last three months. Insiders own 0.37% of the company’s stock.
Several equities analysts recently commented on the stock. Imperial Capital reiterated an “outperform” rating and set a $65.00 target price (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Vetr upgraded shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a research note on Wednesday, January 3rd. Finally, Cowen upped their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $65.35.
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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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