Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Allworth Financial LP

by · The Cerbat Gem

Allworth Financial LP grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,459 shares of the transportation company’s stock after acquiring an additional 680 shares during the quarter. Allworth Financial LP’s holdings in Delta Air Lines were worth $4,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after acquiring an additional 456,465 shares during the last quarter. Sanders Capital LLC increased its position in Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares in the last quarter. Geode Capital Management LLC increased its position in Delta Air Lines by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after purchasing an additional 410,648 shares in the last quarter. Capital World Investors increased its position in Delta Air Lines by 0.3% during the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company’s stock worth $918,419,000 after purchasing an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company’s stock worth $670,994,000 after purchasing an additional 92,208 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $56.72 on Friday. The stock has a market cap of $37.04 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.49. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $49.43 and a 200-day moving average of $52.74. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.01 by $0.09. The company had revenue of $15,507,000 billion during the quarter, compared to analysts’ expectations of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 EPS. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.32%. Delta Air Lines’s dividend payout ratio (DPR) is 10.64%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAL. Dbs Bank downgraded shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. UBS Group dropped their target price on shares of Delta Air Lines from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Morgan Stanley increased their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Barclays increased their price objective on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average target price of $64.69.

Check Out Our Latest Report on DAL

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.

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