Lafayette Investments Inc. Increases Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Lafayette Investments Inc. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,405 shares of the transportation company’s stock after buying an additional 1,525 shares during the quarter. Lafayette Investments Inc.’s holdings in Delta Air Lines were worth $3,825,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Carroll Financial Associates Inc. increased its holdings in Delta Air Lines by 105.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after acquiring an additional 320 shares during the period. Cornerstone Advisors Inc. increased its holdings in Delta Air Lines by 36.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the period. Avestar Capital LLC increased its holdings in shares of Delta Air Lines by 3,385.0% in the 2nd quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock worth $37,000 after buying an additional 677 shares during the last quarter. Reilly Financial Advisors LLC bought a new position in shares of Delta Air Lines in the 3rd quarter worth $38,000. Finally, Covington Capital Management increased its holdings in shares of Delta Air Lines by 35.4% in the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after buying an additional 195 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

A number of equities analysts have recently commented on the stock. Imperial Capital increased their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a report on Wednesday, July 10th. Macquarie set a $62.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. Wolfe Research set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, July 12th. Buckingham Research decreased their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Friday, September 6th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $65.17.

Shares of Delta Air Lines stock traded down $0.06 during trading on Thursday, reaching $53.75. The company’s stock had a trading volume of 185,114 shares, compared to its average volume of 8,380,776. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $63.44. The company has a market cap of $35.34 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.65 and a beta of 1.16. The firm’s 50-day moving average is $56.33 and its two-hundred day moving average is $57.26. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.89.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.06. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The company had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.61 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be paid a $0.403 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, October 23rd. This represents a $1.61 dividend on an annualized basis and a dividend yield of 3.00%. Delta Air Lines’s dividend payout ratio is 28.50%.

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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