Two Sigma Advisers LP grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 163.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,321,294 shares of the transportation company’s stock after buying an additional 819,000 shares during the quarter. Two Sigma Advisers LP owned 0.19% of Delta Air Lines worth $73,992,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Delta Air Lines by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after buying an additional 956,945 shares during the period. Boston Partners boosted its holdings in shares of Delta Air Lines by 9.4% in the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock valued at $475,158,000 after buying an additional 726,075 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after buying an additional 250,731 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock valued at $360,748,000 after buying an additional 201,722 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Delta Air Lines by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 5,553,117 shares of the transportation company’s stock valued at $310,975,000 after buying an additional 20,851 shares during the period. Institutional investors own 90.05% of the company’s stock.
DAL has been the subject of several research analyst reports. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a report on Wednesday, November 29th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Cowen increased their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $67.05.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. equities research analysts expect that Delta Air Lines, Inc. will post 6.46 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In other Delta Air Lines news, CEO Edward H. Bastian sold 73,211 shares of the stock in a transaction on 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 owns 338,719 shares in the company, valued at $18,981,812.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul A. Jacobson sold 49,362 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 323,638 shares of company stock valued at $18,537,123. Corporate insiders own 0.37% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Delta Air Lines, Inc. (DAL) Shares Bought by Two Sigma Advisers LP” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/03/14/delta-air-lines-inc-dal-shares-bought-by-two-sigma-advisers-lp.html.
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.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.