Edgestream Partners L.P. lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 548.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,314 shares of the transportation company's stock after buying an additional 39,171 shares during the period. Edgestream Partners L.P.'s holdings in Delta Air Lines were worth $2,019,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of DAL. HighPoint Advisor Group LLC grew its position in Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after acquiring an additional 155 shares in the last quarter. Continuum Advisory LLC boosted its holdings in Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after purchasing an additional 179 shares in the last quarter. Woodmont Investment Counsel LLC increased its position in Delta Air Lines by 0.5% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock worth $2,528,000 after buying an additional 192 shares during the last quarter. Nemes Rush Group LLC increased its position in Delta Air Lines by 4.2% during the fourth quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock worth $294,000 after buying an additional 196 shares during the last quarter. Finally, Utah Retirement Systems raised its holdings in Delta Air Lines by 0.4% during the fourth quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company's stock valued at $3,190,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.
Delta Air Lines Stock Down 0.1%
NYSE:DAL traded down $0.03 on Friday, hitting $56.31. 8,975,576 shares of the company's stock were exchanged, compared to its average volume of 9,908,017. The company has a market cap of $36.77 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.75 and a beta of 1.49. The firm has a 50-day moving average price of $50.42 and a 200-day moving average price of $52.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to the consensus estimate of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.36 earnings per share. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.33%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's payout ratio is currently 8.70%.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, EVP Peter W. Carter sold 17,550 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the completion of the sale, the executive vice president directly owned 191,442 shares in the company, valued at $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of Delta Air Lines stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the sale, the executive vice president directly owned 131,731 shares in the company, valued at $7,318,974.36. The trade was a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,973 shares of company stock valued at $5,541,946. 0.88% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
DAL has been the topic of a number of research analyst reports. Barclays raised their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Jefferies Financial Group raised their target price on Delta Air Lines from $56.00 to $62.00 and gave the company a "hold" rating in a report on Monday, July 14th. BNP Paribas Exane lifted their price target on Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Finally, Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.21.
View Our Latest Report on Delta Air Lines
About Delta Air Lines
(
Free Report)
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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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