Investec Asset Management PTY Ltd Acquires 1,022 Shares of Delta Air Lines, Inc. (DAL)

Investec Asset Management PTY Ltd boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,307 shares of the transportation company’s stock after acquiring an additional 1,022 shares during the period. Delta Air Lines comprises about 1.1% of Investec Asset Management PTY Ltd’s portfolio, making the stock its 24th largest position. Investec Asset Management PTY Ltd’s holdings in Delta Air Lines were worth $2,013,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DAL. Sage Capital Advisors llc boosted its holdings in shares of Delta Air Lines by 1.3% in the 1st quarter. Sage Capital Advisors llc now owns 56,636 shares of the transportation company’s stock valued at $2,925,000 after buying an additional 733 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Delta Air Lines in the 1st quarter valued at about $1,832,000. Boston Advisors LLC boosted its holdings in shares of Delta Air Lines by 4.8% in the 1st quarter. Boston Advisors LLC now owns 44,084 shares of the transportation company’s stock valued at $2,277,000 after buying an additional 2,016 shares in the last quarter. American Financial Advisors LLC boosted its holdings in shares of Delta Air Lines by 31.3% in the 1st quarter. American Financial Advisors LLC now owns 54,147 shares of the transportation company’s stock valued at $2,796,000 after buying an additional 12,902 shares in the last quarter. Finally, Kwmg LLC boosted its holdings in shares of Delta Air Lines by 3.6% in the 1st quarter. Kwmg LLC now owns 44,910 shares of the transportation company’s stock valued at $2,320,000 after buying an additional 1,565 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

In related news, COO W Gilbert West sold 7,465 shares of Delta Air Lines stock in a transaction that occurred on Thursday, April 11th. The shares were 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 in the company, valued at approximately $5,555,479.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the transaction, the chief executive officer now directly owns 354,191 shares of the company’s stock, valued at $20,365,982.50. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 3,559,723 shares of company stock valued at $176,077,837 and sold 141,901 shares valued at $7,735,888. 0.33% of the stock is owned by company insiders.

DAL stock opened at $58.24 on Wednesday. The company has a market capitalization of $38.03 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.70 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $61.32.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.39 billion. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. During the same period last year, the business earned $0.74 EPS. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, May 1st. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.78%.

A number of analysts have recently weighed in on DAL shares. Stephens set a $63.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, April 2nd. Imperial Capital raised their price target on shares of Delta Air Lines from $53.00 to $58.00 and gave the company an “in-line” rating in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James raised their price target on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Buckingham Research raised their price target on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Cowen raised their price target on shares of Delta Air Lines from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average price target of $66.21.

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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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