LS Investment Advisors LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 26,317 shares of the transportation company’s stock after buying an additional 1,323 shares during the period. LS Investment Advisors LLC’s holdings in Delta Air Lines were worth $1,210,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp purchased a new position in Delta Air Lines during the first quarter worth $107,000. Advisory Services Network LLC purchased a new position in Delta Air Lines during the first quarter worth $114,000. Parallel Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth $128,000. Crow Point Partners LLC purchased a new position in Delta Air Lines during the third quarter worth $106,000. Finally, Physicians Financial Services Inc. purchased a new position in Delta Air Lines during the third quarter worth $110,000. Institutional investors and hedge funds own 79.44% of the company’s stock.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 1.57% on Friday, reaching $48.41. 2,740,796 shares of the company’s stock traded hands. The firm has a market capitalization of $35.24 billion, a P/E ratio of 8.93 and a beta of 0.75. Delta Air Lines, Inc. has a 52 week low of $32.60 and a 52 week high of $52.76. The firm’s 50 day moving average is $46.71 and its 200 day moving average is $48.08.
Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. Delta Air Lines’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. Analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a $0.2025 dividend. This represents a $0.81 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, May 17th. Delta Air Lines’s dividend payout ratio is currently 14.04%.
A number of research firms have weighed in on DAL. Imperial Capital reiterated an “in-line” rating and set a $52.00 price objective on shares of Delta Air Lines in a research report on Friday. Citigroup Inc upped their price target on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price target on the stock in a report on Monday, May 8th. Sanford C. Bernstein restated a “market perform” rating and issued a $44.00 price target on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Cowen and Company restated an “outperform” rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Monday, March 6th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $53.26.
In other Delta Air Lines news, CFO Paul A. Jacobson sold 20,100 shares of Delta Air Lines stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $50.09, for a total value of $1,006,809.00. Following the completion of the transaction, the chief financial officer now directly owns 386,070 shares of the company’s stock, valued at approximately $19,338,246.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francis S. Blake bought 5,665 shares of the company’s stock in a transaction on Monday, April 17th. The stock was purchased at an average cost of $44.12 per share, with a total value of $249,939.80. Following the completion of the transaction, the director now owns 24,187 shares in the company, valued at $1,067,130.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 274,165 shares of company stock valued at $271,620. 0.75% of the stock is currently owned by corporate insiders.
About Delta Air Lines
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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