Stephens Inc. AR increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 25.2% during the first quarter, Holdings Channel reports. The institutional investor owned 51,525 shares of the transportation company’s stock after buying an additional 10,363 shares during the quarter. Stephens Inc. AR’s holdings in Delta Air Lines were worth $2,661,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in DAL. Oregon Public Employees Retirement Fund grew its stake in Delta Air Lines by 3,837.2% during the 4th 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. Boston Partners grew its stake in Delta Air Lines by 24.1% during the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock worth $709,200,000 after buying an additional 2,669,765 shares during the last quarter. Two Sigma Advisers LP grew its stake in Delta Air Lines by 185.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,653,225 shares of the transportation company’s stock worth $182,296,000 after buying an additional 2,374,531 shares during the last quarter. FMR LLC grew its stake in Delta Air Lines by 30.9% during the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after buying an additional 2,298,101 shares during the last quarter. Finally, Norges Bank purchased a new position in Delta Air Lines during the 4th quarter worth approximately $89,761,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Shares of DAL stock opened at $55.25 on Wednesday. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32. The company has a market capitalization of $35.89 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 2nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised their price target on Delta Air Lines from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Raymond James raised their price target on Delta Air Lines from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Credit Suisse Group raised their price target on Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Imperial Capital restated an “in-line” rating and set a $58.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and an average target price of $66.09.
In other news, COO W Gilbert West sold 7,465 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $58.52, for a total value of $436,851.80. Following the completion of the sale, the chief operating officer now directly owns 94,933 shares of the company’s stock, valued at approximately $5,555,479.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Berkshire Hathaway Inc purchased 2,345,077 shares of Delta Air Lines stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $49.37 per share, with a total value of $115,776,451.49. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,554,538 shares of company stock worth $175,828,075 and sold 145,901 shares worth $8,125,848. Company insiders own 0.47% 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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