Swiss Life Asset Management Ltd raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 38.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,826 shares of the transportation company’s stock after buying an additional 9,666 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Delta Air Lines were worth $2,417,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. AlphaQuest LLC raised its stake in Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares in the last quarter. Accredited Wealth Management LLC boosted its holdings in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares during the period. SWAN Capital LLC boosted its holdings in shares of Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on DAL. Citigroup increased their price target on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein increased their price target on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday. Seaport Research Partners increased their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. HSBC decreased their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Susquehanna decreased their price objective on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.76.
Delta Air Lines Stock Performance
Shares of NYSE DAL opened at $71.44 on Friday. The stock has a fifty day moving average price of $66.81 and a two-hundred day moving average price of $66.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $46.94 billion, a P/E ratio of 10.41, a PEG ratio of 1.02 and a beta of 1.25. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $76.39.
Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.
Insider Transactions at Delta Air Lines
In other news, EVP John E. Laughter sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares of the company’s stock, valued at $3,893,364.09. This trade represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the sale, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 204,925 shares of company stock valued at $14,323,395 in the last three months. 0.80% of the stock is currently owned by corporate insiders.
Delta Air Lines Profile
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
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