Cetera Investment Advisers increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,265 shares of the transportation company’s stock after buying an additional 374 shares during the quarter. Cetera Investment Advisers’ holdings in Delta Air Lines were worth $213,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DAL. Oregon Public Employees Retirement Fund lifted its position in shares of 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 period. Two Sigma Advisers LP raised its position in Delta Air Lines by 185.7% in the 4th quarter. Two Sigma Advisers LP now owns 3,653,225 shares of the transportation company’s stock valued at $182,296,000 after purchasing an additional 2,374,531 shares during the last quarter. Federated Investors Inc. PA raised its position in Delta Air Lines by 299.7% in the 3rd quarter. Federated Investors Inc. PA now owns 2,379,531 shares of the transportation company’s stock valued at $137,608,000 after purchasing an additional 1,784,276 shares during the last quarter. Impala Asset Management LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $86,646,000. Finally, Morgan Stanley raised its position in Delta Air Lines by 19.9% in the 3rd quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock valued at $302,881,000 after purchasing an additional 869,794 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.
DAL traded down $0.26 on Friday, hitting $58.17. 4,108,117 shares of the company were exchanged, compared to its average volume of 8,071,016. Delta Air Lines, Inc. has a 12 month low of $45.08 and a 12 month high of $61.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.34. The firm has a market capitalization of $38.10 billion, a PE ratio of 10.30, a PEG ratio of 0.70 and a beta of 1.08.
The firm 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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, May 1st. Delta Air Lines’s payout ratio is presently 24.78%.
In other Delta Air Lines news, EVP Joanne D. Smith sold 34,000 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $58.00, for a total transaction of $1,972,000.00. Following the completion of the sale, the executive vice president now directly owns 93,600 shares in the company, valued at $5,428,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO W Gilbert West sold 21,000 shares of the company’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $50.49, for a total value of $1,060,290.00. Following the sale, the chief operating officer now owns 136,799 shares of the company’s stock, valued at $6,906,981.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,559,723 shares of company stock valued at $176,077,837 and have sold 111,901 shares valued at $6,010,888. 0.33% of the stock is owned by corporate insiders.
Several equities analysts have issued reports on DAL shares. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Thursday, January 3rd. Stifel Nicolaus lifted their target price on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Credit Suisse Group set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Stephens reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Sunday, January 6th. Finally, Buckingham Research lifted their price objective on Delta Air Lines from $62.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.21.
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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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