AMP Capital Investors Ltd cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,529 shares of the transportation company’s stock after selling 70,645 shares during the period. AMP Capital Investors Ltd’s holdings in Delta Air Lines were worth $13,021,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Thrivent Financial For Lutherans raised its holdings in shares of Delta Air Lines by 15.1% during the 4th quarter. Thrivent Financial For Lutherans now owns 1,685,640 shares of the transportation company’s stock worth $94,396,000 after buying an additional 220,985 shares in the last quarter. Thames Capital Management LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth $2,757,000. Profund Advisors LLC raised its holdings in shares of Delta Air Lines by 20.3% during the 4th quarter. Profund Advisors LLC now owns 21,861 shares of the transportation company’s stock worth $1,224,000 after buying an additional 3,691 shares in the last quarter. Anchor Bolt Capital LP raised its holdings in shares of Delta Air Lines by 18.7% during the 4th quarter. Anchor Bolt Capital LP now owns 1,677,912 shares of the transportation company’s stock worth $93,963,000 after buying an additional 264,780 shares in the last quarter. Finally, Montgomery Investment Management Inc. raised its holdings in shares of Delta Air Lines by 4.4% during the 4th quarter. Montgomery Investment Management Inc. now owns 64,870 shares of the transportation company’s stock worth $3,633,000 after buying an additional 2,750 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
In other Delta Air Lines news, COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.06, for a total value of $504,540.00. Following the sale, the chief operating officer now owns 61,872 shares in the company, valued at approximately $3,468,544.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George N. Mattson purchased 10,000 shares of Delta Air Lines stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the transaction, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 323,638 shares of company stock valued at $18,537,123. Insiders own 0.37% of the company’s stock.
Delta Air Lines, Inc. (NYSE DAL) opened at $56.59 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market capitalization of $40,000.00, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities analysts forecast that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a yield of 2.16%. Delta Air Lines’s payout ratio is presently 24.70%.
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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