Lansdowne Partners UK LLP Sells 1,794,105 Shares of Delta Air Lines, Inc. (DAL)

Lansdowne Partners UK LLP reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,336,034 shares of the transportation company’s stock after selling 1,794,105 shares during the quarter. Delta Air Lines accounts for about 16.1% of Lansdowne Partners UK LLP’s holdings, making the stock its biggest holding. Lansdowne Partners UK LLP owned approximately 3.84% of Delta Air Lines worth $1,523,013,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Delta Air Lines during the 3rd quarter worth $116,000. Capital Advisors Ltd. LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth $139,000. Truvestments Capital LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth $143,000. Point72 Hong Kong Ltd bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $142,000. Finally, Baker Ellis Asset Management LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter worth $163,000. Institutional investors and hedge funds own 87.66% of the company’s stock.

Shares of DAL opened at $60.12 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $48.52 and a 12-month high of $61.32. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization 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 (NYSE:DAL) last issued its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.06. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. The business had revenue of $11.95 billion during the quarter, compared to analysts’ expectations of $11.96 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, research analysts forecast that Delta Air Lines, Inc. will post 5.52 earnings per share for the current fiscal year.

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

Several analysts recently weighed in on the company. Stephens restated a “buy” rating and set a $68.00 price objective on shares of Delta Air Lines in a research report on Monday, October 1st. Citigroup dropped their price objective on Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. Macquarie set a $69.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, October 8th. Bank of America set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and an average target price of $68.60.

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Delta Air Lines 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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