Delta Air Lines, Inc. (DAL) Stake Decreased by Neuberger Berman Group LLC
Neuberger Berman Group LLC decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 6,799,131 shares of the transportation company’s stock after selling 187,724 shares during the period. Neuberger Berman Group LLC owned approximately 0.93% of Delta Air Lines worth $312,488,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Tompkins Financial Corp bought a new position in shares of Delta Air Lines during the first quarter valued at about $107,000. TrimTabs Asset Management LLC raised its position in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Delta Air Lines during the first quarter valued at about $114,000. Parallel Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at about $128,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.
Shares of Delta Air Lines, Inc. (DAL) opened at 52.00 on Friday. The company’s 50-day moving average is $49.73 and its 200-day moving average is $48.76. Delta Air Lines, Inc. has a 12-month low of $32.60 and a 12-month high of $53.57. The stock has a market cap of $37.86 billion, a P/E ratio of 9.59 and a beta of 1.13.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.14 billion. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 19th were paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, May 17th. Delta Air Lines’s dividend payout ratio is currently 15.06%.
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Several research analysts recently issued reports on the stock. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.68 target price on the stock. in a research note on Thursday, June 1st. Imperial Capital reissued an “in-line” rating and set a $52.00 target price (up from $44.00) on shares of Delta Air Lines in a research note on Friday, March 3rd. Sanford C. Bernstein reissued a “market perform” rating and set a $44.00 target price on shares of Delta Air Lines in a research note on Friday, March 3rd. Cowen and Company reissued an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a research note on Monday, March 6th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $53.35.
In other news, COO W Gilbert West sold 26,131 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $50.47, for a total value of $1,318,831.57. Following the transaction, the chief operating officer now owns 89,232 shares in the company, valued at approximately $4,503,539.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis S. Blake acquired 5,665 shares of the stock in a transaction dated Monday, April 17th. The stock was acquired at an average price of $44.12 per share, for a total transaction of $249,939.80. Following the purchase, the director now directly owns 24,187 shares in the company, valued at $1,067,130.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 356,665 shares of company stock worth $278,020 and have sold 55,606 shares worth $2,753,289. 0.75% of the stock is currently owned by corporate insiders.
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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