Aptus Capital Advisors LLC Has $268,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Aptus Capital Advisors LLC grew its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 40.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,250 shares of the transportation company’s stock after purchasing an additional 2,099 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Delta Air Lines were worth $268,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its position in shares of Delta Air Lines by 399.7% during the 2nd quarter. Capital International Investors now owns 19,665,620 shares of the transportation company’s stock valued at $934,904,000 after acquiring an additional 15,729,876 shares during the period. Norges Bank acquired a new position in shares of Delta Air Lines during the 4th quarter valued at $60,640,000. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 30.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,660,845 shares of the transportation company’s stock valued at $316,616,000 after acquiring an additional 1,572,919 shares during the period. Amundi lifted its position in shares of Delta Air Lines by 79.5% during the 4th quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after acquiring an additional 1,504,544 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Delta Air Lines by 211.1% during the 1st quarter. AQR Capital Management LLC now owns 2,127,687 shares of the transportation company’s stock valued at $73,661,000 after acquiring an additional 1,443,810 shares during the period. 71.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $55.54.

View Our Latest Report on DAL

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by insiders.

Delta Air Lines Trading Up 0.4 %

Shares of Delta Air Lines stock opened at $40.51 on Monday. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 0.73 and a beta of 1.42. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $39.96 and its 200-day moving average price is $38.83.

Delta Air Lines (NYSE:DALGet Free Report) last announced its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.53%. The firm had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post 6.57 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, February 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.59%.

Delta Air Lines Profile

(Free Report)

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

Further Reading

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

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