Delta Air Lines, Inc. (DAL) Stake Lowered by Stevens Capital Management LP

Stevens Capital Management LP decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 64.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 39,333 shares of the transportation company’s stock after selling 71,132 shares during the period. Stevens Capital Management LP’s holdings in Delta Air Lines were worth $2,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at $139,000. Point72 Hong Kong Ltd acquired a new stake in Delta Air Lines in the 2nd quarter valued at $142,000. Truvestments Capital LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at $143,000. Baker Ellis Asset Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at $163,000. Finally, IFG Advisory LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at $202,000. 87.66% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on DAL. Imperial Capital lifted their price target on shares of Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Citigroup lifted their price target on shares of Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Susquehanna Bancshares began coverage on shares of Delta Air Lines in a report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective on the stock. Finally, Goldman Sachs Group began coverage on shares of Delta Air Lines in a report on Monday, November 12th. They set a “neutral” rating and a $64.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $68.60.

DAL opened at $60.12 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $41.62 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.70 and a beta of 0.93. Delta Air Lines, Inc. has a 1 year low of $48.52 and a 1 year high of $61.32.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, November 6th. Delta Air Lines’s dividend payout ratio is 28.40%.

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Delta Air Lines Company Profile

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.

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

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