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Great Lakes Advisors LLC Increases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Great Lakes Advisors LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,911 shares of the transportation company’s stock after acquiring an additional 295 shares during the quarter. Great Lakes Advisors LLC’s holdings in Delta Air Lines were worth $398,000 at the end of the most recent reporting period.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Nuveen Asset Management LLC raised its position in shares of Delta Air Lines by 3,507.5% in the second quarter. Nuveen Asset Management LLC now owns 3,338,652 shares of the transportation company’s stock valued at $189,469,000 after purchasing an additional 3,246,105 shares during the period. AQR Capital Management LLC grew its stake in Delta Air Lines by 207.3% during the second quarter. AQR Capital Management LLC now owns 2,075,433 shares of the transportation company’s stock worth $117,781,000 after buying an additional 1,400,082 shares in the last quarter. Holocene Advisors LP grew its stake in Delta Air Lines by 346.4% during the second quarter. Holocene Advisors LP now owns 1,141,994 shares of the transportation company’s stock worth $64,808,000 after buying an additional 886,164 shares in the last quarter. Janus Henderson Group PLC grew its stake in Delta Air Lines by 27.5% during the second quarter. Janus Henderson Group PLC now owns 3,946,432 shares of the transportation company’s stock worth $223,961,000 after buying an additional 850,291 shares in the last quarter. Finally, Natixis grew its stake in Delta Air Lines by 1,893.9% during the second quarter. Natixis now owns 694,321 shares of the transportation company’s stock worth $39,403,000 after buying an additional 659,498 shares in the last quarter. 86.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. Macquarie set a $62.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. Argus lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Barclays set a $65.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Thursday, October 10th. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, September 6th. Finally, Citigroup assumed coverage on shares of Delta Air Lines in a research report on Thursday, October 31st. They set a “buy” rating and a $65.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $64.94.

Shares of Delta Air Lines stock opened at $56.14 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.29 and a current ratio of 0.34. The stock has a market capitalization of $35.77 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.66 and a beta of 1.13. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $63.44. The stock’s 50-day simple moving average is $55.14 and its 200 day simple moving average is $57.03.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $2.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.06. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.61 billion. Delta Air Lines had a return on equity of 32.84% and a net margin of 10.12%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 EPS. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th were issued a dividend of $0.403 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, October 23rd. This represents a $1.61 annualized dividend and a dividend yield of 2.87%. Delta Air Lines’s payout ratio is presently 28.50%.

In other news, CEO Edward H. Bastian sold 30,236 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $57.55, for a total transaction of $1,740,081.80. Following the completion of the transaction, the chief executive officer now owns 323,955 shares of the company’s stock, valued at $18,643,610.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by insiders.

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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