Delta Air Lines, Inc. (DAL) Shares Bought by Baskin Financial Services Inc.

Baskin Financial Services Inc. increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,639 shares of the transportation company’s stock after acquiring an additional 8,171 shares during the period. Delta Air Lines comprises about 1.9% of Baskin Financial Services Inc.’s portfolio, making the stock its 26th largest position. Baskin Financial Services Inc.’s holdings in Delta Air Lines were worth $10,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised 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 acquiring an additional 10,440,934 shares during the period. FMR LLC grew its position in Delta Air Lines by 30.9% in the fourth quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock valued at $486,161,000 after purchasing an additional 2,298,101 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Delta Air Lines by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock valued at $389,356,000 after purchasing an additional 50,255 shares in the last quarter. Geode Capital Management LLC grew its position in Delta Air Lines by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock valued at $386,658,000 after purchasing an additional 532,550 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Delta Air Lines by 1.0% in the third quarter. Neuberger Berman Group LLC now owns 6,867,623 shares of the transportation company’s stock valued at $397,155,000 after purchasing an additional 69,137 shares in the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

A number of research firms recently weighed in on DAL. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Monday. Citigroup raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James raised their target price on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday. Credit Suisse Group raised their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $58.00 target price on shares of Delta Air Lines in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.21.



Shares of DAL traded down $0.60 during midday trading on Monday, reaching $57.45. The stock had a trading volume of 5,248,495 shares, compared to its average volume of 8,369,512. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32. The company has a market cap of $38.02 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.28.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The company had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.39 billion. During the same quarter last year, the firm posted $0.74 EPS. Analysts expect that Delta Air Lines, Inc. will post 6.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 28th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.78%.

In other news, COO W Gilbert West sold 21,000 shares of Delta Air Lines stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. Following the completion of the transaction, the chief operating officer now owns 136,799 shares of the company’s stock, valued at approximately $6,906,981.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 34,000 shares of Delta Air Lines stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $58.00, for a total transaction of $1,972,000.00. Following the completion of the transaction, the executive vice president now directly owns 93,600 shares of the company’s stock, valued at approximately $5,428,800. The disclosure for this sale can be found here. In the last three months, insiders bought 3,559,723 shares of company stock valued at $176,077,837 and sold 111,901 shares valued at $6,010,888. Company insiders own 0.33% of the company’s stock.

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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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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