Versant Capital Management Inc lessened its position in Delta Air Lines, Inc. (NYSE:DAL) by 26.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 784 shares of the transportation company’s stock after selling 285 shares during the period. Versant Capital Management Inc’s holdings in Delta Air Lines were worth $44,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in DAL. Boston Partners grew its stake in Delta Air Lines by 24.1% in the first quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock valued at $709,200,000 after acquiring an additional 2,669,765 shares during the period. Norges Bank acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $89,761,000. Ceredex Value Advisors LLC acquired a new stake in Delta Air Lines in the first quarter valued at approximately $56,756,000. Neuberger Berman Group LLC grew its stake in Delta Air Lines by 15.0% in the first quarter. Neuberger Berman Group LLC now owns 6,124,500 shares of the transportation company’s stock valued at $316,331,000 after acquiring an additional 798,959 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Delta Air Lines in the first quarter valued at approximately $39,785,000. 87.74% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Morgan Stanley raised their price objective on Delta Air Lines from $61.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, July 12th. Zacks Investment Research reissued a “sell” rating on shares of Delta Air Lines in a research note on Tuesday, July 23rd. Bank of America reissued a “neutral” rating and issued a $59.00 price objective (up previously from $55.00) on shares of Delta Air Lines in a research note on Thursday, April 4th. Credit Suisse Group raised their price objective on Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Citigroup raised their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and an average target price of $67.56.
Shares of NYSE:DAL traded down $0.13 during mid-day trading on Friday, hitting $60.19. 1,766,002 shares of the company traded hands, compared to its average volume of 6,328,738. The stock has a market cap of $40.72 billion, a PE ratio of 10.65, a P/E/G ratio of 0.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.29 and a current ratio of 0.34. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $63.44. The firm’s 50-day moving average price is $59.26.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. Delta Air Lines’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be given a dividend of $0.4025 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date is Wednesday, July 24th. This represents a $1.61 annualized dividend and a dividend yield of 2.67%. Delta Air Lines’s payout ratio is presently 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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