Delta Air Lines, Inc. (DAL) Stake Lowered by Virtus Fund Advisers LLC

Virtus Fund Advisers LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 838,532 shares of the transportation company’s stock after selling 87,048 shares during the period. Virtus Fund Advisers LLC’s holdings in Delta Air Lines were worth $46,958,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Delta Air Lines by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after acquiring an additional 956,945 shares during the period. Boston Partners grew its position in Delta Air Lines by 9.4% during the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock valued at $475,158,000 after acquiring an additional 726,075 shares during the period. Dimensional Fund Advisors LP grew its position in Delta Air Lines by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after acquiring an additional 250,731 shares during the period. APG Asset Management N.V. grew its position in Delta Air Lines by 12.3% during the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock valued at $197,712,000 after acquiring an additional 449,700 shares during the period. Finally, LSV Asset Management grew its position in Delta Air Lines by 2.6% during the fourth quarter. LSV Asset Management now owns 4,008,613 shares of the transportation company’s stock valued at $224,482,000 after acquiring an additional 101,300 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $52.85 on Monday. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $37,680.00, a PE ratio of 10.70, a PEG ratio of 0.71 and a beta of 1.14.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. research analysts expect that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, February 22nd. Delta Air Lines’s payout ratio is 24.70%.

In related news, EVP Peter W. Carter sold 19,809 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the transaction, the executive vice president now owns 67,077 shares in the company, valued at $3,382,022.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George N. Mattson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the purchase, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The disclosure for this purchase can be found here. In the last quarter, insiders sold 363,447 shares of company stock worth $20,591,693. Insiders own 0.37% of the company’s stock.

DAL has been the subject of a number of research reports. Imperial Capital reissued an “outperform” rating and set a $65.00 price target (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $65.35.

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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.

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).

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

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Delta Air Lines, Inc. (DAL) Stake Lowered by Virtus Fund Advisers LLC

Virtus Fund Advisers LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 838,532 shares of the transportation company’s stock after selling 87,048 shares during the quarter. Virtus Fund Advisers LLC owned about 0.12% of Delta Air Lines worth $46,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DAL. Investec Asset Management LTD acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $157,977,000. Anchor Bolt Capital LP acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $68,141,000. Alyeska Investment Group L.P. lifted its holdings in shares of Delta Air Lines by 35.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock valued at $193,042,000 after buying an additional 1,055,182 shares during the period. Bank of New York Mellon Corp raised its holdings in Delta Air Lines by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock worth $564,870,000 after purchasing an additional 956,945 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in Delta Air Lines by 441.1% during the third quarter. Brown Advisory Inc. now owns 989,197 shares of the transportation company’s stock worth $47,699,000 after purchasing an additional 806,389 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

DAL has been the subject of several research reports. Stephens set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, February 8th. Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $65.00 price objective (up from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $65.35.

Delta Air Lines, Inc. (NYSE DAL) opened at $52.85 on Monday. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.79. The firm has a market capitalization of $37,680.00, a price-to-earnings ratio of 10.70, a PEG ratio of 0.71 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.305 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. Delta Air Lines’s dividend payout ratio (DPR) is 24.70%.

In related news, Director George N. Mattson purchased 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $51.89 per share, with a total value of $518,900.00. Following the completion of the acquisition, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the transaction, the chief executive officer now directly owns 338,719 shares of the company’s stock, valued at $18,981,812.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 363,447 shares of company stock valued at $20,591,693. Insiders own 0.37% of the company’s stock.

WARNING: “Delta Air Lines, Inc. (DAL) Stake Lowered by Virtus Fund Advisers LLC” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://stocknewstimes.com/2018/02/19/delta-air-lines-inc-dal-stake-lowered-by-virtus-fund-advisers-llc.html.

Delta Air Lines Company 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.

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).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.

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