Ingalls & Snyder LLC Has $8.55 Million Holding in Delta Air Lines, Inc. (DAL)

Ingalls & Snyder LLC Has $8.55 Million Holding in Delta Air Lines, Inc. (DAL)

Ingalls & Snyder LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.3% during the first quarter, Holdings Channel reports. The fund owned 185,971 shares of the transportation company’s stock after selling 56,489 shares during the period. Ingalls & Snyder LLC’s holdings in Delta Air Lines were worth $8,547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. State Street Corp boosted its position in Delta Air Lines by 3.4% in the fourth quarter. State Street Corp now owns 31,177,072 shares of the transportation company’s stock worth $1,533,596,000 after buying an additional 1,016,304 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the transportation company’s stock worth $552,826,000 after buying an additional 4,427,357 shares during the last quarter. AQR Capital Management LLC boosted its position in Delta Air Lines by 58.7% in the fourth quarter. AQR Capital Management LLC now owns 8,263,263 shares of the transportation company’s stock worth $406,470,000 after buying an additional 3,056,526 shares during the last quarter. APG Asset Management N.V. boosted its position in Delta Air Lines by 15.7% in the first quarter. APG Asset Management N.V. now owns 5,004,699 shares of the transportation company’s stock worth $230,016,000 after buying an additional 680,439 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Delta Air Lines by 39.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,793,654 shares of the transportation company’s stock worth $186,629,000 after buying an additional 1,064,329 shares during the last quarter. 79.44% of the stock is owned by institutional investors.

Delta Air Lines, Inc. (DAL) traded up 2.69% during trading on Friday, reaching $51.19. 11,872,143 shares of the company were exchanged. Delta Air Lines, Inc. has a 12 month low of $32.60 and a 12 month high of $52.76. The stock has a 50 day moving average price of $47.97 and a 200 day moving average price of $48.51. The firm has a market capitalization of $37.27 billion, a PE ratio of 9.44 and a beta of 0.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same period last year, the firm posted $1.32 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts expect that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.2025 per share. The ex-dividend date is Wednesday, May 17th. This represents a $0.81 annualized dividend and a yield of 1.58%. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.04%.

DAL has been the subject of a number of recent analyst reports. Deutsche Bank AG lifted their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. Vetr cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price objective for the company. in a report on Tuesday, May 2nd. Cowen and Company cut their price objective on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, April 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $44.00 price objective on shares of Delta Air Lines in a report on Friday, March 3rd. Finally, Citigroup Inc boosted their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.35.

In other Delta Air Lines news, COO W Gilbert West sold 26,131 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the completion of the transaction, the chief operating officer now directly owns 89,232 shares in the company, valued at approximately $4,503,539.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the transaction, the chief executive officer now owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 299,165 shares of company stock valued at $273,420 and have sold 55,606 shares valued at $2,753,289. Company insiders own 0.75% of the company’s stock.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DAL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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