Symmetry Partners LLC Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Symmetry Partners LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 57.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,801 shares of the transportation company’s stock after buying an additional 3,206 shares during the period. Symmetry Partners LLC’s holdings in Delta Air Lines were worth $507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Cornerstone Advisors Inc. grew its position in Delta Air Lines by 36.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after purchasing an additional 164 shares during the period. Vicus Capital grew its position in shares of Delta Air Lines by 3.5% during the 2nd quarter. Vicus Capital now owns 5,523 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 185 shares during the period. Great Valley Advisor Group Inc. lifted its stake in Delta Air Lines by 5.0% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,978 shares of the transportation company’s stock worth $229,000 after purchasing an additional 191 shares in the last quarter. Covington Capital Management raised its position in shares of Delta Air Lines by 35.4% during the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after buying an additional 195 shares in the last quarter. Finally, Successful Portfolios LLC raised its position in shares of Delta Air Lines by 5.2% during the 3rd quarter. Successful Portfolios LLC now owns 3,942 shares of the transportation company’s stock valued at $227,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

A number of research firms have recently issued reports on DAL. ValuEngine upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Argus cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Macquarie set a $62.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 11th. Berenberg Bank assumed coverage on shares of Delta Air Lines in a report on Friday, September 6th. They set a “buy” rating and a $72.00 target price for the company. Finally, Raymond James reduced their target price on shares of Delta Air Lines from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, October 11th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $64.89.

Shares of NYSE DAL traded down $0.09 during trading on Friday, hitting $57.57. The company had a trading volume of 3,044,063 shares, compared to its average volume of 7,089,664. The stock has a fifty day simple moving average of $55.47 and a two-hundred day simple moving average of $57.09. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $63.44. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.89.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a $0.403 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.61 annualized dividend and a dividend yield of 2.80%. Delta Air Lines’s dividend payout ratio (DPR) is 28.50%.

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.

Further Reading: Purposes and Functions of the Federal Reserve

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.