Mirae Asset Global Investments Co. Ltd. increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 39.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,951 shares of the transportation company’s stock after acquiring an additional 22,756 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Delta Air Lines were worth $4,623,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Delta Air Lines by 3.6% in the 3rd quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after acquiring an additional 1,297,215 shares in the last quarter. Lansdowne Partners UK LLP boosted its stake in Delta Air Lines by 9.6% in the 2nd quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after purchasing an additional 2,462,310 shares during the period. Northern Trust Corp boosted its stake in Delta Air Lines by 3.0% in the 2nd quarter. Northern Trust Corp now owns 6,910,893 shares of the transportation company’s stock worth $342,366,000 after purchasing an additional 199,589 shares during the period. Alliancebernstein L.P. boosted its stake in Delta Air Lines by 5.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,515,560 shares of the transportation company’s stock worth $318,965,000 after purchasing an additional 267,454 shares during the period. Finally, LSV Asset Management boosted its stake in Delta Air Lines by 3.9% in the 2nd quarter. LSV Asset Management now owns 4,387,085 shares of the transportation company’s stock worth $217,336,000 after purchasing an additional 164,122 shares during the period. 87.66% of the stock is owned by institutional investors.
NYSE DAL opened at $56.07 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. The company has a market cap of $39.82 billion, a PE ratio of 11.37, a PEG ratio of 0.66 and a beta of 0.93. Delta Air Lines, Inc. has a one year low of $48.52 and a one year high of $61.32.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. The firm had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. During the same period in the prior year, the company earned $1.57 EPS. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.55 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%. Delta Air Lines’s dividend payout ratio is currently 28.40%.
DAL has been the subject of several recent analyst reports. Stephens restated a “buy” rating and issued a $68.00 price target on shares of Delta Air Lines in a research note on Monday, October 1st. Morgan Stanley set a $65.00 price target on Delta Air Lines and gave the stock a “buy” rating in a research note on Friday, October 5th. ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Citigroup dropped their price target on Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a research note on Wednesday, October 3rd. Finally, Buckingham Research upped their price target on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $68.60.
Delta Air Lines Profile
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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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