Macquarie Group Ltd. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 219,225 shares of the transportation company’s stock after purchasing an additional 26,500 shares during the period. Macquarie Group Ltd.’s holdings in Delta Air Lines were worth $10,939,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. Sontag Advisory LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $28,000. ERTS Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $30,000. Dubuque Bank & Trust Co. boosted its stake in shares of Delta Air Lines by 2,920.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 755 shares of the transportation company’s stock worth $38,000 after acquiring an additional 730 shares during the period. Finally, JNBA Financial Advisors boosted its stake in shares of Delta Air Lines by 165.9% during the 4th quarter. JNBA Financial Advisors now owns 803 shares of the transportation company’s stock worth $40,000 after acquiring an additional 501 shares during the period. Institutional investors own 91.31% of the company’s stock.
NYSE DAL traded up $0.40 during midday trading on Friday, hitting $57.11. The company had a trading volume of 3,549,400 shares, compared to its average volume of 7,960,929. The stock has a market capitalization of $38.15 billion, a PE ratio of 10.11, a P/E/G ratio of 0.70 and a beta of 1.08. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.45%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.
In other news, CEO Edward H. Bastian sold 30,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 354,191 shares of the company’s stock, valued at approximately $20,365,982.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter W. Carter sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $58.01, for a total value of $1,450,250.00. Following the transaction, the executive vice president now directly owns 85,295 shares of the company’s stock, valued at approximately $4,947,962.95. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,559,723 shares of company stock valued at $176,077,837 and have sold 166,901 shares valued at $9,186,138. 0.33% of the stock is currently owned by insiders.
Several research analysts have recently commented on DAL shares. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Bank of America downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $62.00 to $51.00 in a research note on Monday, January 14th. Stephens set a $63.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus lifted their price target on Delta Air Lines from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Deutsche Bank cut Delta Air Lines from a “buy” rating to a “hold” rating and set a $49.58 price target for the company. in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Buy” and an average price target 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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