Delta Air Lines, Inc. $DAL Shares Acquired by GMT Capital Corp

by · The Cerbat Gem

GMT Capital Corp lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,515,100 shares of the transportation company’s stock after buying an additional 163,500 shares during the quarter. Delta Air Lines accounts for approximately 11.4% of GMT Capital Corp’s holdings, making the stock its 2nd largest holding. GMT Capital Corp owned about 0.84% of Delta Air Lines worth $271,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Savant Capital LLC lifted its stake in shares of Delta Air Lines by 84.0% in the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after acquiring an additional 83,072 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Delta Air Lines by 8.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after purchasing an additional 67,002 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $15,138,000. Franklin Resources Inc. increased its holdings in Delta Air Lines by 1.6% during the 2nd quarter. Franklin Resources Inc. now owns 762,106 shares of the transportation company’s stock worth $37,480,000 after purchasing an additional 12,057 shares during the last quarter. Finally, Sienna Gestion raised its position in shares of Delta Air Lines by 11.4% in the 2nd quarter. Sienna Gestion now owns 123,757 shares of the transportation company’s stock valued at $5,557,000 after purchasing an additional 12,665 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.0%

NYSE DAL opened at $69.82 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $71.59. The company has a 50-day simple moving average of $60.94 and a 200-day simple moving average of $56.99. The firm has a market capitalization of $45.59 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.65 and a beta of 1.38.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion for the quarter. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s payout ratio is currently 10.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wolfe Research reduced their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Seaport Global Securities boosted their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Rothschild & Co Redburn upped their target price on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $74.08.

Get Our Latest Research Report on DAL

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Delta Air Lines Profile

(Free Report)

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.

Recommended Stories

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 – Free Report).