Unigestion Holding SA Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Unigestion Holding SA purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,376 shares of the transportation company’s stock, valued at approximately $943,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Liberty Wealth Management LLC purchased a new stake in shares of Delta Air Lines during the third quarter valued at approximately $34,000. Cornerstone Advisors Inc. increased its stake in shares of Delta Air Lines by 36.0% in the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Delta Air Lines by 105.6% in the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares during the last quarter. Reilly Financial Advisors LLC bought a new stake in shares of Delta Air Lines in the third quarter worth $38,000. Finally, Avestar Capital LLC increased its stake in shares of Delta Air Lines by 3,385.0% in the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock worth $37,000 after buying an additional 677 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the stock. Buckingham Research lowered their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Macquarie set a $62.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Friday, October 11th. Citigroup assumed coverage on shares of Delta Air Lines in a research note on Thursday, October 31st. They set a “buy” rating and a $65.00 target price for the company. Barclays set a $65.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Stephens lowered shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $75.00 to $57.00 in a research note on Monday, October 14th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $64.89.

Shares of DAL traded down $0.08 during midday trading on Friday, hitting $57.58. 4,153,406 shares of the stock traded hands, compared to its average volume of 6,527,328. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $63.44. The firm has a market capitalization of $37.19 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.29 and a current ratio of 0.34. The business’s 50 day moving average price is $55.44 and its two-hundred day moving average price is $57.09.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.06. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.61 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.403 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, October 23rd. This represents a $1.61 annualized dividend and a dividend yield of 2.80%. Delta Air Lines’s payout ratio is 28.50%.

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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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