Virtu Financial LLC Trims Stake in Delta Air Lines, Inc. (DAL)

Virtu Financial LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.6% during the third quarter, HoldingsChannel.com reports. The fund owned 20,069 shares of the transportation company’s stock after selling 8,433 shares during the quarter. Virtu Financial LLC’s holdings in Delta Air Lines were worth $1,161,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DAL. Pineno Levin & Ford Asset Management Inc. increased its holdings in Delta Air Lines by 1.8% during the third quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,163 shares of the transportation company’s stock valued at $3,017,000 after buying an additional 930 shares during the period. Comerica Bank increased its holdings in Delta Air Lines by 0.6% during the second quarter. Comerica Bank now owns 177,061 shares of the transportation company’s stock valued at $9,056,000 after buying an additional 976 shares during the period. Motley Fool Asset Management LLC increased its holdings in Delta Air Lines by 15.2% during the second quarter. Motley Fool Asset Management LLC now owns 7,564 shares of the transportation company’s stock valued at $375,000 after buying an additional 997 shares during the period. Telemus Capital LLC increased its holdings in Delta Air Lines by 14.0% during the third quarter. Telemus Capital LLC now owns 8,140 shares of the transportation company’s stock valued at $471,000 after buying an additional 1,000 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Delta Air Lines by 19.1% during the second quarter. Bessemer Group Inc. now owns 6,537 shares of the transportation company’s stock valued at $325,000 after buying an additional 1,047 shares during the period. 86.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of DAL opened at $60.71 on Friday. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.70 and a beta of 0.94. Delta Air Lines, Inc. has a twelve month low of $48.52 and a twelve month high of $61.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.31.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The company had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. During the same period last year, the firm earned $1.57 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 5.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.31%. Delta Air Lines’s payout ratio is currently 28.40%.

DAL has been the topic of several research reports. Buckingham Research lifted their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, September 7th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Stephens reissued a “buy” rating and set a $68.00 price objective on shares of Delta Air Lines in a report on Monday, October 1st. Bank of America lowered their target price on shares of Delta Air Lines from $67.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Finally, Macquarie set a $69.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, October 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.21.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Featured Article: Asset Allocation

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).

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

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