Coronation Fund Managers Ltd. raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 50,601 shares of the transportation company’s stock after buying an additional 5,323 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Delta Air Lines were worth $2,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new stake in Delta Air Lines during the third quarter valued at about $42,000. Dubuque Bank & Trust Co. boosted its holdings in Delta Air Lines by 2,920.0% during the fourth quarter. Dubuque Bank & Trust Co. now owns 755 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 730 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Delta Air Lines by 45.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 285 shares during the period. NuWave Investment Management LLC boosted its holdings in Delta Air Lines by 1,361.5% during the fourth quarter. NuWave Investment Management LLC now owns 1,140 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 1,062 shares during the period. Finally, CWM LLC boosted its holdings in Delta Air Lines by 63.7% during the fourth quarter. CWM LLC now owns 1,144 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 445 shares during the period. Institutional investors own 89.33% of the company’s stock.
A number of research firms have issued reports on DAL. Vertical Research assumed coverage on shares of Delta Air Lines in a report on Monday, February 4th. They set a “hold” rating for the company. Imperial Capital increased their target price on shares of Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, December 4th. Credit Suisse Group set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Citigroup assumed coverage on shares of Delta Air Lines in a research note on Wednesday, November 28th. They issued a “positive” rating and a $69.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on shares of Delta Air Lines in a research note on Monday, November 12th. They issued a “neutral” rating and a $64.00 target price for the company. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $67.22.
NYSE DAL opened at $50.61 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.35 and a quick ratio of 0.28. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32. The stock has a market capitalization of $34.60 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.58 and a beta of 1.11.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.71 billion. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, February 28th. Delta Air Lines’s dividend payout ratio is 24.78%.
In other Delta Air Lines news, COO W Gilbert West sold 21,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $50.49, for a total transaction of $1,060,290.00. Following the completion of the transaction, the chief operating officer now owns 136,799 shares in the company, valued at $6,906,981.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George N. Mattson purchased 4,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were acquired at an average price of $52.87 per share, with a total value of $211,480.00. Following the purchase, the director now owns 72,530 shares of the company’s stock, valued at $3,834,661.10. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 13,185 shares of company stock valued at $664,881. Corporate insiders own 0.33% of the company’s stock.
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.
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