Caisse DE Depot ET Placement DU Quebec Acquires 121,041 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,572 shares of the transportation company's stock after acquiring an additional 121,041 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Delta Air Lines were worth $19,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the 4th quarter worth approximately $27,000. Hemington Wealth Management raised its stake in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at $29,000. Crews Bank & Trust bought a new position in shares of Delta Air Lines during the fourth quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DAL. TD Cowen boosted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Susquehanna dropped their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Bank of America lowered their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Delta Air Lines Trading Down 1.3 %

NYSE DAL traded down $0.61 on Tuesday, reaching $44.90. The company had a trading volume of 8,811,704 shares, compared to its average volume of 9,269,039. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock's 50 day moving average is $44.97 and its 200-day moving average is $56.63. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $29.32 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business's revenue was down 5.6% on a year-over-year basis. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.34%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company's stock.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.