Masters Capital Management LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000,000 shares of the transportation company’s stock after selling 1,000,000 shares during the period. Delta Air Lines comprises 1.3% of Masters Capital Management LLC’s holdings, making the stock its 24th largest position. Masters Capital Management LLC owned 0.14% of Delta Air Lines worth $56,000,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP increased its position in shares of Delta Air Lines by 163.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,321,294 shares of the transportation company’s stock valued at $73,992,000 after buying an additional 819,000 shares in the last quarter. Premia Global Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $230,000. HPM Partners LLC increased its position in shares of Delta Air Lines by 10.3% in the 4th quarter. HPM Partners LLC now owns 31,634 shares of the transportation company’s stock valued at $1,772,000 after buying an additional 2,949 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $1,132,000. Finally, Kendall Capital Management bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $1,536,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
In related news, CEO Edward H. Bastian sold 73,211 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now directly owns 338,719 shares in the company, valued at approximately $18,981,812.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 894 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.50, for a total transaction of $50,511.00. Following the completion of the sale, the executive vice president now owns 72,393 shares of the company’s stock, valued at $4,090,204.50. The disclosure for this sale can be found here. Insiders sold a total of 323,638 shares of company stock valued at $18,537,123 in the last 90 days. 0.37% of the stock is owned by corporate insiders.
Delta Air Lines, Inc. (NYSE DAL) opened at $56.09 on Monday. The firm has a market capitalization of $39,650.77, a PE ratio of 11.35, a PEG ratio of 0.75 and a beta of 1.16. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. sell-side analysts expect that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s payout ratio is 24.70%.
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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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