Altshuler Shaham Ltd Raises Position in Delta Air Lines, Inc. (DAL)

Altshuler Shaham Ltd boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 888,586 shares of the transportation company’s stock after buying an additional 18,641 shares during the quarter. Delta Air Lines makes up approximately 2.7% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 14th biggest holding. Altshuler Shaham Ltd owned about 0.13% of Delta Air Lines worth $51,387,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DAL. BlackRock Inc. grew its holdings in Delta Air Lines by 3.6% in the third quarter. BlackRock Inc. now owns 36,958,163 shares of the transportation company’s stock worth $2,137,290,000 after purchasing an additional 1,297,215 shares during the last quarter. Lansdowne Partners UK LLP grew its holdings in Delta Air Lines by 9.6% in the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after purchasing an additional 2,462,310 shares during the last quarter. Boston Partners grew its holdings in Delta Air Lines by 5.2% in the second quarter. Boston Partners now owns 12,399,764 shares of the transportation company’s stock worth $614,285,000 after purchasing an additional 608,231 shares during the last quarter. Northern Trust Corp grew its holdings in Delta Air Lines by 3.0% in the second quarter. Northern Trust Corp now owns 6,910,893 shares of the transportation company’s stock worth $342,366,000 after purchasing an additional 199,589 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Delta Air Lines by 5.1% in the third quarter. Alliancebernstein L.P. now owns 5,515,560 shares of the transportation company’s stock worth $318,965,000 after purchasing an additional 267,454 shares during the last quarter. 86.89% of the stock is currently owned by institutional investors.

Several research firms have issued reports on DAL. Stephens reaffirmed a “buy” rating and issued a $68.00 price target on shares of Delta Air Lines in a report on Monday, October 1st. Citigroup cut their price target on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, October 3rd. Macquarie set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, October 8th. Bank of America set a $67.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, ValuEngine lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $67.93.

In other news, Director William H. Easter III sold 3,000 shares of Delta Air Lines stock in a transaction on Friday, August 31st. The shares were sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

NYSE:DAL opened at $57.16 on Friday. Delta Air Lines, Inc. has a 12 month low of $48.52 and a 12 month high of $60.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.31. The firm has a market cap of $38.37 billion, a PE ratio of 11.59, a P/E/G ratio of 0.64 and a beta of 0.94.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The business had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.40 annualized dividend and a dividend yield of 2.45%. Delta Air Lines’s payout ratio is currently 28.40%.

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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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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