Dynamic Technology Lab Private Ltd purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,302 shares of the transportation company’s stock, valued at approximately $256,000.
Other large investors have also recently added to or reduced their stakes in the company. Sound Shore Management Inc. CT purchased a new stake in shares of Delta Air Lines during the 2nd quarter worth about $158,224,000. TIAA CREF Investment Management LLC grew its holdings in shares of Delta Air Lines by 77.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after purchasing an additional 2,343,531 shares during the period. PointState Capital LP purchased a new stake in shares of Delta Air Lines during the 2nd quarter worth about $106,866,000. Parametric Portfolio Associates LLC grew its holdings in shares of Delta Air Lines by 140.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock worth $129,730,000 after purchasing an additional 1,412,117 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Delta Air Lines by 121.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,479,478 shares of the transportation company’s stock worth $133,247,000 after purchasing an additional 1,358,817 shares during the period. 85.24% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.06, for a total value of $8,449,274.40. The disclosure for this sale can be found here. In the last three months, insiders sold 239,810 shares of company stock valued at $12,684,903. Company insiders own 0.37% of the company’s stock.
Delta Air Lines, Inc. (DAL) traded down $0.52 during mid-day trading on Wednesday, hitting $52.39. The company had a trading volume of 5,536,100 shares, compared to its average volume of 7,798,041. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. The firm has a market cap of $37,723.41, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.61 and a beta of 1.29. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $55.75.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. equities research analysts forecast that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.33%. Delta Air Lines’s payout ratio is 24.50%.
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About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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