Delta Air Lines, Inc. (NYSE:DAL) Stake Boosted by Cerebellum GP LLC

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Cerebellum GP LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 39.1% in the 1st quarter, HoldingsChannel reports. The firm owned 6,784 shares of the transportation company’s stock after buying an additional 1,908 shares during the period. Delta Air Lines comprises approximately 0.3% of Cerebellum GP LLC’s portfolio, making the stock its 5th biggest holding. Cerebellum GP LLC’s holdings in Delta Air Lines were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Washington Trust Bank increased its holdings in Delta Air Lines by 141.3% in the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock worth $25,000 after acquiring an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Delta Air Lines in the 1st quarter worth $26,000. Northwest Wealth Management LLC purchased a new stake in Delta Air Lines in the 1st quarter worth $26,000. Paragon Capital Management LLC purchased a new stake in Delta Air Lines in the 1st quarter worth $26,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in Delta Air Lines in the 1st quarter worth $26,000. 87.41% of the stock is owned by hedge funds and other institutional investors.

Shares of DAL opened at $55.99 on Monday. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.34. The firm has a market cap of $36.67 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.60 and a beta of 1.16.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The company had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.40 annualized dividend and a yield of 2.50%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.78%.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Morgan Stanley lowered shares of Delta Air Lines from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $62.00 to $61.00 in a report on Monday, May 20th. Imperial Capital reissued an “in-line” rating and issued a $58.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Credit Suisse Group boosted their price target on shares of Delta Air Lines from $37.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Raymond James boosted their price target on shares of Delta Air Lines from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $65.27.

In other Delta Air Lines news, EVP Joanne D. Smith sold 34,000 shares of Delta Air Lines stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $58.00, for a total transaction of $1,972,000.00. Following the sale, the executive vice president now owns 93,600 shares of the company’s stock, valued at approximately $5,428,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO W Gilbert West sold 7,465 shares of Delta Air Lines stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $58.52, for a total transaction of $436,851.80. Following the sale, the chief operating officer now directly owns 94,933 shares in the company, valued at approximately $5,555,479.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,468 shares of company stock worth $6,118,032. 0.47% of the stock is currently owned by corporate insiders.

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About Delta Air Lines

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

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