Millennium Management LLC Cuts Stake in Delta Air Lines, Inc. (DAL)

Millennium Management LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,190,130 shares of the transportation company’s stock after selling 183,483 shares during the quarter. Millennium Management LLC owned 0.17% of Delta Air Lines worth $66,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Flinton Capital Management LLC boosted its holdings in shares of Delta Air Lines by 8.8% in the 4th quarter. Flinton Capital Management LLC now owns 84,560 shares of the transportation company’s stock worth $4,736,000 after purchasing an additional 6,832 shares in the last quarter. Meadow Creek Investment Management LLC boosted its holdings in shares of Delta Air Lines by 8.8% in the 4th quarter. Meadow Creek Investment Management LLC now owns 116,270 shares of the transportation company’s stock worth $6,511,000 after purchasing an additional 9,394 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Delta Air Lines by 7.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 74,750 shares of the transportation company’s stock worth $4,187,000 after purchasing an additional 5,456 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Delta Air Lines by 1.2% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 149,160 shares of the transportation company’s stock worth $8,352,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Cider Mill Investments LP purchased a new position in shares of Delta Air Lines in the 4th quarter worth about $7,297,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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A number of equities analysts have recently issued reports on DAL shares. Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective for the company. in a report on Wednesday, November 29th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Cowen upped their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Stephens set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $67.05.

Shares of Delta Air Lines, Inc. (DAL) opened at $56.69 on Friday. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $40,074.90, a PE ratio of 11.48, a PEG ratio of 0.77 and a beta of 1.16.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $10.25 billion during 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%. Delta Air Lines’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. analysts expect that Delta Air Lines, Inc. will post 6.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, February 22nd. Delta Air Lines’s payout ratio is 24.70%.

In other Delta Air Lines news, CFO Paul A. Jacobson sold 49,362 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total transaction of $2,971,592.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George N. Mattson purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $51.89 per share, with a total value of $518,900.00. Following the transaction, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders have sold a total of 249,138 shares of company stock valued at $14,375,643 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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Delta Air Lines Company 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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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