Mercer Global Advisors Inc. ADV purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,102 shares of the transportation company’s stock, valued at approximately $953,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in Delta Air Lines in the 1st quarter valued at about $45,000. Valeo Financial Advisors LLC raised its holdings in Delta Air Lines by 500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 21,306 shares of the transportation company’s stock valued at $1,100,000 after acquiring an additional 17,755 shares during the period. Calamos Wealth Management LLC raised its holdings in Delta Air Lines by 1.8% in the 1st quarter. Calamos Wealth Management LLC now owns 135,666 shares of the transportation company’s stock valued at $7,007,000 after acquiring an additional 2,410 shares during the period. Garnet Equity Capital Holdings Inc. bought a new position in Delta Air Lines in the 1st quarter valued at about $4,649,000. Finally, Gibraltar Capital Management Inc. bought a new position in Delta Air Lines in the 1st quarter valued at about $2,668,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:DAL opened at $57.45 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $61.32. The company has a market cap of $38.02 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.39 billion. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. During the same quarter last year, the business posted $0.74 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 6.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.44%. Delta Air Lines’s dividend payout ratio is 24.78%.
Several research firms have weighed in on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Imperial Capital reissued an “in-line” rating and issued a $58.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Vertical Research initiated coverage on shares of Delta Air Lines in a research report on Monday, February 4th. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Cowen increased their target price on shares of Delta Air Lines from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $66.21.
In related news, COO W Gilbert West sold 21,000 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $50.49, for a total transaction of $1,060,290.00. Following the sale, the chief operating officer now owns 136,799 shares in the company, valued at approximately $6,906,981.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Berkshire Hathaway Inc purchased 1,202,961 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $49.65 per share, for a total transaction of $59,727,013.65. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 3,559,723 shares of company stock worth $176,077,837 and have sold 111,901 shares worth $6,010,888. Company insiders own 0.33% of the company’s stock.
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 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.
Further Reading: Net Asset Value
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