Swiss National Bank Has $19.07 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Swiss National Bank lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 10.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 515,300 shares of the transportation company’s stock after selling 62,500 shares during the quarter. Swiss National Bank’s holdings in Delta Air Lines were worth $19,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DAL. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines in the first quarter valued at approximately $217,000. Panagora Asset Management Inc. grew its position in shares of Delta Air Lines by 41.8% in the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock valued at $1,022,000 after purchasing an additional 7,616 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of Delta Air Lines in the first quarter valued at approximately $243,000. Raymond James Trust N.A. grew its position in shares of Delta Air Lines by 20.7% in the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Delta Air Lines by 3.1% in the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock valued at $1,168,000 after purchasing an additional 891 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

Delta Air Lines Trading Up 0.4 %

Shares of NYSE:DAL opened at $40.51 on Friday. The company has a market capitalization of $26.07 billion, a P/E ratio of 5.67, a P/E/G ratio of 0.73 and a beta of 1.42. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.38 and a quick ratio of 0.33. The business’s 50 day simple moving average is $39.96 and its 200 day simple moving average is $38.88.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. Delta Air Lines had a return on equity of 46.53% and a net margin of 7.94%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, research analysts anticipate that Delta Air Lines, Inc. will post 6.57 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, February 23rd. Delta Air Lines’s payout ratio is presently 5.59%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $55.54.

View Our Latest Analysis on Delta Air Lines

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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

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