Delta Air Lines, Inc. (DAL) Position Trimmed by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,219 shares of the transportation company’s stock after selling 1,620 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Delta Air Lines were worth $7,184,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DAL. Lansdowne Partners UK LLP boosted its stake in Delta Air Lines by 9.6% during the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock valued at $1,393,561,000 after purchasing an additional 2,462,310 shares during the period. BlackRock Inc. lifted its position in shares of Delta Air Lines by 3.6% in the 3rd quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after acquiring an additional 1,297,215 shares during the period. Investec Asset Management LTD lifted its position in shares of Delta Air Lines by 44.5% in the 2nd quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock worth $185,386,000 after acquiring an additional 1,152,284 shares during the period. Janus Henderson Group PLC lifted its position in shares of Delta Air Lines by 74.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock worth $91,988,000 after acquiring an additional 793,984 shares during the period. Finally, OppenheimerFunds Inc. lifted its position in shares of Delta Air Lines by 1,038.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock worth $42,285,000 after acquiring an additional 778,585 shares during the period. Hedge funds and other institutional investors own 87.66% of the company’s stock.

Delta Air Lines stock opened at $53.51 on Friday. 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 company has a market cap of $36.69 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.61 and a beta of 0.93. Delta Air Lines, Inc. has a one year low of $48.52 and a one year high of $61.32.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.06. The business had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same quarter last year, the company earned $1.57 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.58 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. Delta Air Lines’s dividend payout ratio (DPR) is presently 28.40%.

DAL has been the subject of a number of research reports. Imperial Capital raised their price objective on Delta Air Lines from $65.00 to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Buckingham Research raised their price objective on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Stephens reiterated a “buy” rating and issued a $68.00 price objective on shares of Delta Air Lines in a research report on Monday, October 1st. Finally, Citigroup reduced 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. One 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 given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.32.

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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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