Brighton Jones LLC Takes Position in Delta Air Lines, Inc. (DAL)

Brighton Jones LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,114 shares of the transportation company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DAL. Lansdowne Partners UK LLP lifted its holdings 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 valued at $1,393,561,000 after acquiring an additional 2,462,310 shares during the last quarter. Investec Asset Management LTD lifted its holdings in Delta Air Lines by 44.5% in the 2nd quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after acquiring an additional 1,152,284 shares during the last quarter. BlackRock Inc. lifted its holdings in Delta Air Lines by 2.4% in the 2nd quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock valued at $1,766,644,000 after acquiring an additional 825,244 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Delta Air Lines by 74.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock valued at $91,988,000 after acquiring an additional 793,984 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in Delta Air Lines by 1,038.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock valued at $42,285,000 after acquiring an additional 778,585 shares during the last quarter. 87.93% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Delta Air Lines in a report on Monday. They issued a “neutral” rating and a $64.00 price target for the company. Deutsche Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and upped their price target for the company from $53.00 to $60.00 in a report on Wednesday, October 17th. Morgan Stanley upped their price target on shares of Delta Air Lines from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, October 12th. Bank of America cut their price target on shares of Delta Air Lines from $67.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. Finally, Buckingham Research cut their price target on shares of Delta Air Lines from $71.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $67.74.



In other news, EVP Joanne D. Smith sold 4,353 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $57.50, for a total value of $250,297.50. Following the transaction, the executive vice president now owns 90,972 shares in the company, valued at approximately $5,230,890. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Easter III sold 3,000 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

DAL stock opened at $56.82 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.37 and a debt-to-equity ratio of 0.59. Delta Air Lines, Inc. has a one year low of $48.34 and a one year high of $60.79. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.65 and a beta of 0.94.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The company had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. 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 5.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Tuesday, November 6th. Delta Air Lines’s dividend payout ratio is presently 28.40%.

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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.

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

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