Marshall Wace North America L.P. Has $475,000 Stake in Delta Air Lines, Inc. (DAL)

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Marshall Wace North America L.P. trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 17.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,210 shares of the transportation company’s stock after selling 1,790 shares during the period. Marshall Wace North America L.P.’s holdings in Delta Air Lines were worth $475,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lido Advisors LLC lifted its stake in shares of Delta Air Lines by 23.8% during the 2nd quarter. Lido Advisors LLC now owns 11,448 shares of the transportation company’s stock worth $567,000 after acquiring an additional 2,204 shares during the last quarter. Elgethun Capital Management lifted its stake in shares of Delta Air Lines by 55.4% during the 2nd quarter. Elgethun Capital Management now owns 22,512 shares of the transportation company’s stock worth $1,120,000 after acquiring an additional 8,027 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of Delta Air Lines by 9.9% during the 2nd quarter. Baird Financial Group Inc. now owns 170,079 shares of the transportation company’s stock worth $8,426,000 after acquiring an additional 15,326 shares during the last quarter. Swiss National Bank lifted its stake in shares of Delta Air Lines by 2.2% during the 2nd quarter. Swiss National Bank now owns 584,607 shares of the transportation company’s stock worth $28,961,000 after acquiring an additional 12,700 shares during the last quarter. Finally, Putnam Investments LLC increased its holdings in Delta Air Lines by 401.6% during the 2nd quarter. Putnam Investments LLC now owns 855,485 shares of the transportation company’s stock worth $42,381,000 after purchasing an additional 684,932 shares during the period. 87.65% of the stock is owned by institutional investors and hedge funds.

In related news, Director George N. Mattson purchased 4,000 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of $52.87 per share, for a total transaction of $211,480.00. Following the acquisition, the director now owns 72,530 shares of the company’s stock, valued at approximately $3,834,661.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

DAL has been the topic of several research reports. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares initiated coverage on Delta Air Lines in a report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective on the stock. Bank of America reduced their price objective on Delta Air Lines from $67.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. Imperial Capital restated an “outperform” rating and set a $78.00 price objective (up from $71.00) on shares of Delta Air Lines in a report on Thursday, September 27th. Finally, ValuEngine upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $68.38.

Shares of NYSE:DAL opened at $52.95 on Wednesday. Delta Air Lines, Inc. has a 12-month low of $48.52 and a 12-month high of $61.32. The firm has a market capitalization of $35.92 billion, a PE ratio of 10.74, a P/E/G ratio of 0.63 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a return on equity of 27.72% and a net margin of 7.87%. The business had revenue of $11.95 billion for the quarter, compared to the consensus estimate of $11.96 billion. During the same period last year, the business posted $1.57 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 7th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.64%. Delta Air Lines’s dividend payout ratio is presently 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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