Olstein Capital Management L.P. boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,500 shares of the transportation company’s stock after buying an additional 26,500 shares during the period. Olstein Capital Management L.P.’s holdings in Delta Air Lines were worth $9,077,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in Delta Air Lines by 3.4% in the fourth quarter. State Street Corp now owns 31,177,072 shares of the transportation company’s stock worth $1,533,596,000 after buying an additional 1,016,304 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the transportation company’s stock worth $552,826,000 after buying an additional 4,427,357 shares in the last quarter. AQR Capital Management LLC raised its position in Delta Air Lines by 58.7% in the fourth quarter. AQR Capital Management LLC now owns 8,263,263 shares of the transportation company’s stock worth $406,470,000 after buying an additional 3,056,526 shares in the last quarter. APG Asset Management N.V. raised its position in Delta Air Lines by 15.7% in the first quarter. APG Asset Management N.V. now owns 5,004,699 shares of the transportation company’s stock worth $230,016,000 after buying an additional 680,439 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Delta Air Lines by 39.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,793,654 shares of the transportation company’s stock worth $186,629,000 after buying an additional 1,064,329 shares in the last quarter. 79.44% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines, Inc. (NYSE:DAL) traded up 2.68% on Thursday, hitting $50.18. 4,915,309 shares of the stock were exchanged. Delta Air Lines, Inc. has a one year low of $32.60 and a one year high of $52.76. The company has a 50 day moving average of $47.01 and a 200 day moving average of $48.31. The stock has a market capitalization of $36.53 billion, a P/E ratio of 9.25 and a beta of 0.75. Delta Air Lines also was the target of unusually large options trading activity on Tuesday. Investors bought 38,075 call options on the company. This is an increase of approximately 198% compared to the typical daily volume of 12,787 call options.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. During the same period in the prior year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, May 17th. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.04%.
A number of equities analysts recently commented on DAL shares. Deutsche Bank AG raised their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price for the company. in a research report on Tuesday, May 2nd. Cowen and Company cut their target price on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $44.00 target price on shares of Delta Air Lines in a research report on Friday, March 3rd. Finally, Citigroup Inc increased their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $53.26.
In related news, Director Francis S. Blake acquired 5,665 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were bought at an average cost of $44.12 per share, with a total value of $249,939.80. Following the completion of the transaction, the director now directly owns 24,187 shares of the company’s stock, valued at $1,067,130.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul A. Jacobson sold 20,100 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $50.09, for a total transaction of $1,006,809.00. Following the completion of the transaction, the chief financial officer now directly owns 386,070 shares in the company, valued at $19,338,246.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 271,165 shares of company stock worth $271,380 and have sold 49,575 shares worth $2,441,266. Corporate insiders own 0.75% of the company’s stock.
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.
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