Latest Stocks: Delta Air Lines, Inc. (DAL) Stake Decreased by Gargoyle Investment Advisor L.L.C.

Latest Stocks: Delta Air Lines, Inc. (DAL) Stake Decreased by Gargoyle Investment Advisor L.L.C.

Gargoyle Investment Advisor L.L.C. lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 41.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,474 shares of the transportation company’s stock after selling 3,800 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Delta Air Lines were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital One National Association acquired a new position in shares of Delta Air Lines during the third quarter worth approximately $553,000. State of Wisconsin Investment Board raised its position in shares of Delta Air Lines by 1.9% in the third quarter. State of Wisconsin Investment Board now owns 769,926 shares of the transportation company’s stock worth $30,304,000 after buying an additional 14,100 shares during the period. Tocqueville Asset Management L.P. raised its position in shares of Delta Air Lines by 1.8% in the third quarter. Tocqueville Asset Management L.P. now owns 583,048 shares of the transportation company’s stock worth $22,949,000 after buying an additional 10,558 shares during the period. Trust Investment Advisors raised its position in shares of Delta Air Lines by 3.1% in the third quarter. Trust Investment Advisors now owns 32,825 shares of the transportation company’s stock worth $1,292,000 after buying an additional 1,000 shares during the period. Finally, Willingdon Wealth Management raised its position in shares of Delta Air Lines by 24.0% in the third quarter. Willingdon Wealth Management now owns 12,400 shares of the transportation company’s stock worth $488,000 after buying an additional 2,400 shares during the period. 79.44% of the stock is currently owned by institutional investors.

Delta Air Lines, Inc. (DAL) opened at 51.39 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $32.60 and a 52-week high of $52.76. The company has a 50 day moving average price of $48.07 and a 200-day moving average price of $48.54. The firm has a market cap of $37.41 billion, a price-to-earnings ratio of 9.48 and a beta of 0.75.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 19.17% and a net margin of 6.59%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 earnings per share. Equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be issued a $0.2025 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.81 dividend on an annualized basis and a yield of 1.58%. Delta Air Lines’s dividend payout ratio is presently 14.04%.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 19.17% and a net margin of 6.59%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 earnings per share. Equities research analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year. DAL has been the topic of a number of research analyst reports. Sanford C. Bernstein raised Delta Air Lines from a “market perform” rating to an “outperform” rating and raised their price target for the company from $57.00 to $61.00 in a report on Monday, February 6th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Monday, February 6th. Morgan Stanley reissued an “overweight” rating and set a $60.00 price target on shares of Delta Air Lines in a report on Wednesday, February 22nd. Imperial Capital reissued an “in-line” rating and set a $52.00 price target (up from $44.00) on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a report on Monday, March 6th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $53.35.

In related news, COO W Gilbert West sold 26,131 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $50.47, for a total value of $1,318,831.57. Following the completion of the sale, the chief operating officer now owns 89,232 shares in the company, valued at $4,503,539.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $49.32, for a total value of $220,707.00. Following the completion of the sale, the executive vice president now owns 85,398 shares of the company’s stock, valued at $4,211,829.36. The disclosure for this sale can be found here. In the last quarter, insiders purchased 299,165 shares of company stock valued at $273,420 and sold 55,606 shares valued at $2,753,289. Corporate insiders own 0.75% of the company’s stock. About Delta Air Lines

Related posts

Leave a Comment