Delta Air Lines, Inc. (DAL) Stake Lifted by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,578,641 shares of the transportation company’s stock after purchasing an additional 29,941 shares during the quarter. California Public Employees Retirement System owned 0.22% of Delta Air Lines worth $76,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DAL. Roundview Capital LLC lifted its position in Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after buying an additional 15 shares during the last quarter. MUFG Securities EMEA plc lifted its position in Delta Air Lines by 1.2% in the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after buying an additional 65 shares during the last quarter. Advisory Services Network LLC lifted its position in Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Delta Air Lines by 0.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after buying an additional 125 shares during the last quarter. Finally, Thompson Davis & CO. Inc. lifted its position in Delta Air Lines by 3.4% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock worth $239,000 after buying an additional 147 shares during the last quarter. 85.24% of the stock is owned by institutional investors.

A number of analysts recently weighed in on DAL shares. Deutsche Bank dropped their target price on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Finally, Cowen restated a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $63.39.

In other news, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $53.61, for a total value of $1,815,395.43. The disclosure for this sale can be found here. Insiders have sold 239,810 shares of company stock worth $12,684,903 over the last three months. Insiders own 0.37% of the company’s stock.

Delta Air Lines, Inc. (NYSE DAL) traded down $0.75 on Wednesday, hitting $53.62. The stock had a trading volume of 6,030,500 shares, compared to its average volume of 7,766,008. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $55.75. The stock has a market capitalization of $38,764.35, a PE ratio of 11.33, a PEG ratio of 1.65 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. analysts forecast that Delta Air Lines, Inc. will post 5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

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Delta Air Lines Profile

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.

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

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