Lansdowne Partners UK LLP increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 67.4% in the fourth quarter, Holdings Channel reports. The firm owned 3,445,447 shares of the transportation company’s stock after buying an additional 1,387,201 shares during the quarter. Delta Air Lines accounts for 15.1% of Lansdowne Partners UK LLP’s investment portfolio, making the stock its 3rd biggest holding. Lansdowne Partners UK LLP’s holdings in Delta Air Lines were worth $208,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its stake in shares of Delta Air Lines by 7.5% during the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after purchasing an additional 150 shares during the last quarter. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. HighPoint Advisor Group LLC raised its position in Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after buying an additional 155 shares during the last quarter. Mason & Associates Inc lifted its stake in shares of Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after acquiring an additional 160 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after acquiring an additional 173 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. Insiders own 0.96% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on Delta Air Lines
Delta Air Lines Price Performance
Shares of NYSE DAL opened at $40.88 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $52.37 and its 200 day moving average price is $57.69. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. Delta Air Lines’s dividend payout ratio is currently 11.26%.
Delta Air Lines 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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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