Roundview Capital LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,100 shares of the transportation company’s stock, valued at approximately $234,000.
Other institutional investors also recently made changes to their positions in the company. Impala Asset Management LLC boosted its position in shares of Delta Air Lines by 163.7% in the fourth quarter. Impala Asset Management LLC now owns 473,867 shares of the transportation company’s stock valued at $23,310,000 after buying an additional 294,148 shares in the last quarter. Telemark Asset Management LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at $7,379,000. Sii Investments Inc. WI boosted its position in shares of Delta Air Lines by 34.8% in the fourth quarter. Sii Investments Inc. WI now owns 8,090 shares of the transportation company’s stock valued at $400,000 after buying an additional 2,090 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Delta Air Lines by 2,482.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 559,563 shares of the transportation company’s stock valued at $27,528,000 after buying an additional 537,896 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Delta Air Lines by 3.9% in the fourth quarter. Aviva PLC now owns 125,495 shares of the transportation company’s stock valued at $6,174,000 after buying an additional 4,765 shares in the last quarter. 86.82% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines, Inc. (NYSE DAL) traded down 0.790% during midday trading on Tuesday, hitting $52.095. The company’s stock had a trading volume of 1,603,637 shares. The company has a market cap of $37.93 billion, a PE ratio of 9.608 and a beta of 1.13. The stock has a 50 day moving average of $49.93 and a 200 day moving average of $48.80. Delta Air Lines, Inc. has a 52-week low of $32.60 and a 52-week high of $53.57.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. Delta Air Lines had a return on equity of 28.67% and a net margin of 10.19%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.14 billion. During the same period in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 19th were given a $0.2025 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.54%. Delta Air Lines’s dividend payout ratio is currently 15.06%.
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Several brokerages have weighed in on DAL. Atlantic Securities initiated coverage on Delta Air Lines in a report on Tuesday. They issued a “top pick” rating and a $68.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $60.00 price target on shares of Delta Air Lines in a report on Wednesday, February 22nd. Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. Cowen and Company reissued an “outperform” rating and set a $60.00 price target on shares of Delta Air Lines in a report on Monday, March 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $44.00 price target on shares of Delta Air Lines in a report on Friday, March 3rd. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.26.
In other news, COO W Gilbert West sold 26,131 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the sale, the chief operating officer now directly owns 89,232 shares of the company’s stock, valued at approximately $4,503,539.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $48.55, for a total value of $1,213,750.00. Following the completion of the sale, the chief executive officer now directly owns 285,508 shares in the company, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last three months, insiders bought 356,665 shares of company stock worth $278,020 and sold 55,606 shares worth $2,753,289. Insiders own 0.75% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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