Pictet Asset Management Ltd. Trims Stake in Delta Air Lines, Inc. (DAL)

Pictet Asset Management Ltd. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,451 shares of the transportation company’s stock after selling 10,800 shares during the period. Pictet Asset Management Ltd.’s holdings in Delta Air Lines were worth $9,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Lansdowne Partners UK LLP lifted its stake in Delta Air Lines by 9.6% during the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock valued at $1,393,561,000 after buying an additional 2,462,310 shares in the last quarter. BlackRock Inc. lifted its stake in Delta Air Lines by 3.6% during the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock valued at $2,137,290,000 after buying an additional 1,297,215 shares in the last quarter. Investec Asset Management LTD lifted its stake in Delta Air Lines by 44.5% during the second quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after buying an additional 1,152,284 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Delta Air Lines by 74.7% during the second quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock valued at $91,988,000 after buying an additional 793,984 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Delta Air Lines by 1,038.7% during the second quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock valued at $42,285,000 after buying an additional 778,585 shares in the last quarter. Institutional investors own 87.66% of the company’s stock.

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 capitalization of $39.82 billion, a PE ratio of 11.02, a P/E/G ratio of 0.66 and a beta of 0.93. Delta Air Lines, Inc. has a 52-week low of $48.52 and a 52-week high of $61.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.06. The business had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same period in the prior year, the firm earned $1.57 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 5.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Tuesday, November 6th. Delta Air Lines’s dividend payout ratio (DPR) is 28.40%.

DAL has been the subject of a number of analyst reports. Buckingham Research upped their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, September 7th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Stephens reaffirmed a “buy” rating and set a $68.00 price objective on shares of Delta Air Lines in a research note on Monday, October 1st. Bank of America reduced their price objective on shares of Delta Air Lines from $67.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Finally, Macquarie set a $69.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $68.60.

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About Delta Air Lines

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.

Further Reading: Institutional Investors

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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