WBI Investments Inc. Takes $7.41 Million Position in Delta Air Lines, Inc. (DAL)

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WBI Investments Inc. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 128,120 shares of the transportation company’s stock, valued at approximately $7,409,000.

Several other institutional investors and hedge funds have also modified their holdings of DAL. Lansdowne Partners UK LLP lifted its position in shares of Delta Air Lines by 9.6% during 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 in the last quarter. Investec Asset Management LTD lifted its position in shares of Delta Air Lines by 44.5% during the second quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock worth $185,386,000 after purchasing an additional 1,152,284 shares in the last quarter. BlackRock Inc. lifted its position in shares of Delta Air Lines by 2.4% during the second quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock worth $1,766,644,000 after purchasing an additional 825,244 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Delta Air Lines by 74.7% during the second quarter. Janus Henderson Group PLC now owns 1,856,847 shares of the transportation company’s stock worth $91,988,000 after purchasing an additional 793,984 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Delta Air Lines by 1,038.7% during the second quarter. OppenheimerFunds Inc. now owns 853,543 shares of the transportation company’s stock worth $42,285,000 after purchasing an additional 778,585 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on DAL shares. ValuEngine cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Morgan Stanley reduced their price target on shares of Delta Air Lines from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. Stephens set a $65.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 13th. Stifel Nicolaus reduced their price target on shares of Delta Air Lines from $100.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Finally, Imperial Capital reissued an “outperform” rating and set a $68.00 price target on shares of Delta Air Lines in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $67.99.

In related news, Director William H. Easter III sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $58.47, for a total value of $175,410.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $55.00, for a total transaction of $1,925,000.00. Following the completion of the sale, the chief executive officer now directly owns 266,943 shares in the company, valued at approximately $14,681,865. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,353 shares of company stock worth $2,350,708. 0.33% of the stock is owned by corporate insiders.

Shares of NYSE:DAL opened at $54.73 on Thursday. The company has a market capitalization of $37.79 billion, a P/E ratio of 11.10, a PEG ratio of 0.63 and a beta of 1.00. Delta Air Lines, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.06. The firm had revenue of $11.95 billion for the quarter, compared to analysts’ expectations of $11.96 billion. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. During the same quarter last year, the company earned $1.57 earnings per share. As a group, analysts predict that Delta Air Lines, Inc. will post 5.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 7th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $1.40 annualized dividend and a yield of 2.56%. Delta Air Lines’s dividend payout ratio (DPR) is 28.40%.

Delta Air Lines 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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