Vestmark Advisory Solutions Inc. Has $691,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Vestmark Advisory Solutions Inc. lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,996 shares of the transportation company’s stock after acquiring an additional 495 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Delta Air Lines were worth $691,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisors Inc. lifted its position in Delta Air Lines by 36.0% during the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares during the period. Vicus Capital lifted its position in Delta Air Lines by 3.5% during the second quarter. Vicus Capital now owns 5,523 shares of the transportation company’s stock worth $313,000 after purchasing an additional 185 shares during the period. Great Valley Advisor Group Inc. lifted its position in Delta Air Lines by 5.0% during the third quarter. Great Valley Advisor Group Inc. now owns 3,978 shares of the transportation company’s stock worth $229,000 after purchasing an additional 191 shares during the period. Covington Capital Management lifted its position in Delta Air Lines by 35.4% during the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after purchasing an additional 195 shares during the period. Finally, Successful Portfolios LLC lifted its position in Delta Air Lines by 5.2% during the third quarter. Successful Portfolios LLC now owns 3,942 shares of the transportation company’s stock worth $227,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 86.73% of the company’s stock.

Several equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Delta Air Lines in a research report on Tuesday. They set a “neutral” rating and a $62.00 price objective for the company. Macquarie set a $62.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, October 11th. Argus cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Friday, September 6th. Finally, Barclays set a $65.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.94.

In related news, CEO Edward H. Bastian sold 30,236 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $57.55, for a total value of $1,740,081.80. Following the completion of the transaction, the chief executive officer now owns 323,955 shares in the company, valued at approximately $18,643,610.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Shares of DAL stock traded down $0.72 on Wednesday, reaching $56.50. The company had a trading volume of 4,156,697 shares, compared to its average volume of 6,494,626. The stock has a market capitalization of $37.24 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. 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, Inc. has a one year low of $45.08 and a one year high of $63.44. The business’s 50-day moving average is $55.33 and its 200 day moving average is $57.07.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.06. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.61 billion. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 24th will be issued a $0.403 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.40. Delta Air Lines’s dividend payout ratio (DPR) is 28.50%.

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 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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