Brandywine Global Investment Management LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,314,305 shares of the transportation company’s stock after selling 144,506 shares during the quarter. Delta Air Lines makes up about 0.9% of Brandywine Global Investment Management LLC’s holdings, making the stock its 27th largest position. Brandywine Global Investment Management LLC owned 0.34% of Delta Air Lines worth $115,484,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Delta Air Lines by 3,837.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock worth $215,000 after buying an additional 10,440,934 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of Delta Air Lines by 299.7% during the third quarter. Federated Investors Inc. PA now owns 2,379,531 shares of the transportation company’s stock worth $137,608,000 after buying an additional 1,784,276 shares during the last quarter. Impala Asset Management LLC purchased a new position in shares of Delta Air Lines during the third quarter worth about $86,646,000. BlackRock Inc. grew its holdings in shares of Delta Air Lines by 3.6% during the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after buying an additional 1,297,215 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Delta Air Lines by 19.9% during the third quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock worth $302,881,000 after buying an additional 869,794 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.
In other news, Director George N. Mattson acquired 4,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, December 20th. The stock was purchased at an average price of $50.91 per share, for a total transaction of $203,640.00. Following the completion of the transaction, the director now directly owns 72,530 shares in the company, valued at $3,692,502.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO W Gilbert West sold 36,000 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $51.51, for a total transaction of $1,854,360.00. Following the completion of the sale, the chief operating officer now owns 100,799 shares of the company’s stock, valued at approximately $5,192,156.49. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,567,723 shares of company stock valued at $176,492,957 and sold 130,436 shares valued at $6,602,036. 0.33% of the stock is owned by company insiders.
Shares of NYSE:DAL opened at $51.19 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.34 and a quick ratio of 0.28. The stock has a market capitalization of $34.76 billion, a P/E ratio of 9.06, a PEG ratio of 0.70 and a beta of 1.08. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $61.32.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $10.74 billion during the quarter, compared to the consensus estimate of $10.71 billion. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.42%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.5 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.73%. Delta Air Lines’s payout ratio is currently 24.78%.
DAL has been the topic of a number of research reports. Stephens reissued a “buy” rating on shares of Delta Air Lines in a report on Sunday, January 6th. Credit Suisse Group reissued a “buy” rating and set a $71.00 price target on shares of Delta Air Lines in a report on Monday, December 17th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, December 17th. Citigroup raised their price target on Delta Air Lines from $64.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, November 29th. Finally, Vertical Research initiated coverage on Delta Air Lines in a report on Monday, February 4th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $66.60.
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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