Family Legacy Inc. Boosts Position in Delta Air Lines, Inc. (NYSE:DAL)

Share on StockTwits

Family Legacy Inc. boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,330 shares of the transportation company’s stock after buying an additional 796 shares during the quarter. Family Legacy Inc.’s holdings in Delta Air Lines were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DAL. Boston Partners grew its stake in shares of Delta Air Lines by 24.1% during the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock worth $709,200,000 after purchasing an additional 2,669,765 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after purchasing an additional 50,255 shares during the period. Geode Capital Management LLC grew its stake in Delta Air Lines by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock valued at $386,658,000 after acquiring an additional 532,550 shares during the period. Neuberger Berman Group LLC grew its stake in Delta Air Lines by 15.0% in the 1st 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, Principal Financial Group Inc. grew its stake in Delta Air Lines by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 3,554,610 shares of the transportation company’s stock valued at $183,596,000 after acquiring an additional 235,266 shares during the period. 87.69% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research set a $69.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Friday, July 12th. Deutsche Bank lifted their price target on shares of Delta Air Lines from $56.00 to $61.00 and gave the company a “hold” 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. Finally, Stephens restated an “overweight” rating and issued a $70.00 price objective on shares of Delta Air Lines in a report on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $67.56.

In related news, Director Michael P. Huerta sold 1,010 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $54.33, for a total value of $54,873.30. Following the sale, the director now directly owns 5,670 shares in the company, valued at approximately $308,051.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Sear sold 8,993 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $53.27, for a total transaction of $479,057.11. Following the completion of the sale, the insider now owns 76,150 shares in the company, valued at $4,056,510.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,288 shares of company stock worth $5,753,311. 0.47% of the stock is owned by insiders.

Shares of DAL opened at $59.02 on Monday. The stock has a market cap of $39.10 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.47 and a beta of 1.18. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $63.44. The firm has a 50-day moving average of $59.32. 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 (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. Delta Air Lines’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 7.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be issued a $0.4025 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 2.73%. The ex-dividend date is Wednesday, July 24th. Delta Air Lines’s payout ratio is 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.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Atlantica Yield  Rating Lowered to Buy at BidaskClub
Atlantica Yield Rating Lowered to Buy at BidaskClub
Baozun  Raised to “Hold” at Zacks Investment Research
Baozun Raised to “Hold” at Zacks Investment Research
Brookfield Property Partners  Stock Rating Upgraded by BidaskClub
Brookfield Property Partners Stock Rating Upgraded by BidaskClub
Boston Private Financial  Rating Increased to Sell at ValuEngine
Boston Private Financial Rating Increased to Sell at ValuEngine
Quadrise Fuels International’s  House Stock Rating Reiterated at Shore Capital
Quadrise Fuels International’s House Stock Rating Reiterated at Shore Capital
Apollo Medical  Rating Lowered to Hold at ValuEngine
Apollo Medical Rating Lowered to Hold at ValuEngine


© 2006-2019 Ticker Report