Baskin Financial Services Inc. Has $10.21 Million Stake in Delta Air Lines, Inc. (DAL)

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Baskin Financial Services Inc. grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 197,639 shares of the transportation company’s stock after purchasing an additional 8,171 shares during the quarter. Delta Air Lines comprises 1.9% of Baskin Financial Services Inc.’s portfolio, making the stock its 26th biggest holding. Baskin Financial Services Inc.’s holdings in Delta Air Lines were worth $10,208,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Capital Investment Advisors LLC grew its holdings in shares of Delta Air Lines by 3.8% during the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 231 shares during the last quarter. First Manhattan Co. grew its holdings in shares of Delta Air Lines by 39.7% during the 1st quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 238 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in shares of Delta Air Lines by 1.7% during the 4th quarter. First Heartland Consultants Inc. now owns 16,428 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 272 shares during the last quarter. Washington Trust Bank grew its holdings in shares of Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 284 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Delta Air Lines by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

DAL traded down $0.60 during trading on Monday, reaching $57.45. 5,248,495 shares of the company’s stock were exchanged, compared to its average volume of 8,369,512. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.28. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.71 and a beta of 1.08.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The firm had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.39 billion. During the same period in the previous year, the firm posted $0.74 EPS. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, February 28th. Delta Air Lines’s payout ratio is 24.78%.

In other news, EVP Joanne D. Smith sold 34,000 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $58.00, for a total value of $1,972,000.00. Following the sale, the executive vice president now directly owns 93,600 shares of the company’s stock, valued at approximately $5,428,800. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 1,202,961 shares of Delta Air Lines stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $49.65 per share, for a total transaction of $59,727,013.65. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 3,559,723 shares of company stock worth $176,077,837 and have sold 111,901 shares worth $6,010,888. Insiders own 0.33% of the company’s stock.

Several equities research analysts recently issued reports on DAL shares. Stephens set a $63.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Tuesday, April 2nd. Zacks Investment Research lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Imperial Capital lifted their price target on shares of Delta Air Lines from $53.00 to $58.00 and gave the company an “in-line” rating in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James lifted their price target on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Buckingham Research lifted their price target on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $66.21.

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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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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