BBT Capital Management LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,051 shares of the transportation company’s stock, valued at approximately $302,000.
Several other hedge funds have also recently made changes to their positions in DAL. IFM Investors Pty Ltd increased its holdings in shares of Delta Air Lines by 22.6% in the third quarter. IFM Investors Pty Ltd now owns 10,405 shares of the transportation company’s stock valued at $602,000 after purchasing an additional 1,921 shares during the period. Telemus Capital LLC increased its holdings in shares of Delta Air Lines by 14.0% in the third quarter. Telemus Capital LLC now owns 8,140 shares of the transportation company’s stock valued at $471,000 after purchasing an additional 1,000 shares during the period. Capital Advisors Ltd. LLC acquired a new position in shares of Delta Air Lines in the third quarter valued at about $139,000. Calton & Associates Inc. acquired a new position in shares of Delta Air Lines in the third quarter valued at about $250,000. Finally, Exane Derivatives increased its holdings in shares of Delta Air Lines by 941.4% in the third quarter. Exane Derivatives now owns 5,655 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 5,112 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines stock opened at $51.48 on Friday. The stock has a market cap of $34.79 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.59 and a beta of 1.11. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $61.32. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. The firm had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.71 billion. Delta Air Lines had a return on equity of 29.42% and a net margin of 8.78%. Delta Air Lines’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Research analysts anticipate that Delta Air Lines, Inc. will post 6.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, February 28th. Delta Air Lines’s dividend payout ratio (DPR) is 24.78%.
In related news, Director Francis S. Blake bought 5,185 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were purchased at an average cost of $48.17 per share, with a total value of $249,761.45. Following the completion of the acquisition, the director now directly owns 47,885 shares in the company, valued at $2,306,620.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 13,436 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $51.16, for a total value of $687,385.76. Following the sale, the executive vice president now directly owns 67,598 shares in the company, valued at $3,458,313.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 13,185 shares of company stock worth $664,881 and have sold 94,436 shares worth $4,747,676. 0.33% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on DAL. Vertical Research began coverage on Delta Air Lines in a report on Monday, February 4th. They issued a “hold” rating on the stock. Imperial Capital increased their price objective on Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a report on Tuesday, December 4th. Credit Suisse Group set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 16th. Citigroup began coverage on Delta Air Lines in a report on Wednesday, November 28th. They issued a “positive” rating and a $69.00 price objective on the stock. Finally, Goldman Sachs Group began coverage on Delta Air Lines in a report on Monday, November 12th. They issued a “neutral” rating and a $64.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $67.22.
ILLEGAL ACTIVITY NOTICE: This article was reported by Zolmax and is the sole property of of Zolmax. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://zolmax.com/investing/6051-shares-in-delta-air-lines-inc-dal-purchased-by-bbt-capital-management-llc/2918659.html.
Delta Air Lines Company 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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (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.