Raymond James Financial Services Advisors Inc. raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.1% in the 4th quarter, HoldingsChannel reports. The fund owned 234,156 shares of the transportation company’s stock after buying an additional 32,461 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Delta Air Lines were worth $13,113,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of DAL. Baker Ellis Asset Management LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $121,000. Advisory Services Network LLC grew its position in shares of 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. Global Trust Asset Management LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $185,000. Finally, Blue Granite Capital LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $162,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
DAL has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price objective on the stock. in a research note on Monday, November 13th. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen lifted their price objective on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Two 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 company’s stock. The stock currently has an average rating of “Buy” and an average price target of $65.35.
Delta Air Lines, Inc. (NYSE:DAL) opened at $52.85 on Tuesday. 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 one year low of $43.81 and a one year high of $60.79. The firm has a market cap of $37,680.63, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.15.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. equities research analysts expect that Delta Air Lines, Inc. will post 6.44 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is presently 24.70%.
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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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