AMP Capital Investors Ltd decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.3% during the 4th quarter, HoldingsChannel reports. The firm owned 232,529 shares of the transportation company’s stock after selling 70,645 shares during the quarter. AMP Capital Investors Ltd’s holdings in Delta Air Lines were worth $13,021,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in DAL. Investec Asset Management LTD bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $157,977,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Delta Air Lines during the 4th quarter valued at about $152,660,000. Mackenzie Financial Corp boosted its position in shares of Delta Air Lines by 701.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,814,740 shares of the transportation company’s stock valued at $101,625,000 after purchasing an additional 1,588,380 shares in the last quarter. Anchor Bolt Capital LP bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $68,141,000. Finally, Alyeska Investment Group L.P. boosted its position in shares of Delta Air Lines by 35.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after purchasing an additional 1,055,182 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.
Several brokerages recently commented on DAL. Stephens set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Monday, December 18th. Stifel Nicolaus restated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Vetr lowered Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price on the stock. in a research report on Wednesday, November 29th. Cowen upped their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $67.05.
Delta Air Lines, Inc. (NYSE:DAL) opened at $56.59 on Wednesday. The stock has a market capitalization of $40,000.00, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.16. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 earnings per share. equities analysts expect that Delta Air Lines, Inc. will post 6.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
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Delta Air Lines Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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