Brinker Capital Inc. increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 68.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,586 shares of the transportation company’s stock after acquiring an additional 23,803 shares during the quarter. Brinker Capital Inc.’s holdings in Delta Air Lines were worth $3,375,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its holdings in Delta Air Lines by 36.0% during the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in Delta Air Lines by 105.6% during the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares during the last quarter. Reilly Financial Advisors LLC acquired a new position in Delta Air Lines during the third quarter worth $38,000. Avestar Capital LLC raised its holdings in Delta Air Lines by 3,385.0% during the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock worth $37,000 after buying an additional 677 shares during the last quarter. Finally, Covington Capital Management raised its holdings in Delta Air Lines by 35.4% during the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after buying an additional 195 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.
DAL has been the topic of several research reports. Deutsche Bank upped their price objective on shares of Delta Air Lines from $56.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Stephens downgraded shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $75.00 to $57.00 in a report on Monday, October 14th. ValuEngine upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Buckingham Research lowered their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, Macquarie set a $62.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.17.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 10th. The transportation company reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.06. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.61 billion. Delta Air Lines had a net margin of 10.12% and a return on equity of 32.84%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 earnings per share. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be issued a $0.403 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.61 annualized dividend and a dividend yield of 2.95%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.40. Delta Air Lines’s dividend 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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