Unigestion Holding SA Buys New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

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Unigestion Holding SA bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,376 shares of the transportation company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAL. Carnegie Capital Asset Management LLC grew its holdings in Delta Air Lines by 1.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 55,913 shares of the transportation company’s stock valued at $3,173,000 after purchasing an additional 780 shares during the period. Sigma Planning Corp increased its holdings in Delta Air Lines by 6.1% during the 3rd quarter. Sigma Planning Corp now owns 36,406 shares of the transportation company’s stock valued at $2,097,000 after purchasing an additional 2,100 shares during the period. Ontario Teachers Pension Plan Board boosted its position in Delta Air Lines by 4.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 172,843 shares of the transportation company’s stock valued at $9,809,000 after acquiring an additional 6,602 shares in the last quarter. IFG Advisory LLC boosted its position in Delta Air Lines by 12.1% during the 2nd quarter. IFG Advisory LLC now owns 4,452 shares of the transportation company’s stock valued at $252,000 after acquiring an additional 479 shares in the last quarter. Finally, Sepio Capital LLC boosted its position in Delta Air Lines by 18.9% during the 3rd quarter. Sepio Capital LLC now owns 101,839 shares of the transportation company’s stock valued at $5,866,000 after acquiring an additional 16,162 shares in the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

DAL has been the topic of several research reports. Cowen cut their price objective on Delta Air Lines from $69.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley set a $57.00 price objective on Delta Air Lines and gave the company a “hold” rating in a research report on Friday, October 11th. Raymond James cut their price objective on Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. They noted that the move was a valuation call. Macquarie set a $62.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Credit Suisse Group cut their price objective on Delta Air Lines from $72.00 to $71.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $64.89.

Shares of DAL traded down $0.08 during mid-day trading on Friday, reaching $57.58. The company had a trading volume of 4,153,406 shares, compared to its average volume of 6,527,328. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.29 and a current ratio of 0.34. The firm has a 50-day moving average price of $55.44 and a 200 day moving average price of $57.09. Delta Air Lines, Inc. has a 52 week low of $45.08 and a 52 week high of $63.44. The company has a market capitalization of $37.19 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.06. Delta Air Lines had a return on equity of 32.84% and a net margin of 10.12%. The firm had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.61 billion. During the same period in the previous year, the firm posted $1.80 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a $0.403 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.40. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, October 23rd. Delta Air Lines’s payout ratio is currently 28.50%.

Delta Air Lines Company Profile

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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