Capital International Sarl lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,903 shares of the transportation company's stock after purchasing an additional 8,711 shares during the quarter. Capital International Sarl's holdings in Delta Air Lines were worth $13,486,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Invst LLC raised its position in Delta Air Lines by 2.2% in the third quarter. Invst LLC now owns 43,929 shares of the transportation company's stock worth $2,231,000 after acquiring an additional 954 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at about $301,000. Wilmington Savings Fund Society FSB boosted its holdings in Delta Air Lines by 7.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company's stock worth $463,000 after buying an additional 667 shares in the last quarter. Tidal Investments LLC grew its position in Delta Air Lines by 31.5% during the third quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company's stock worth $4,197,000 after buying an additional 19,815 shares during the period. Finally, Inspire Trust Co. N.A. increased its holdings in Delta Air Lines by 55.1% in the third quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company's stock valued at $2,716,000 after buying an additional 19,000 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines Trading Up 2.5 %
Shares of NYSE:DAL traded up $0.99 during trading on Wednesday, reaching $41.33. 6,152,390 shares of the stock were exchanged, compared to its average volume of 9,254,078. The firm's 50-day moving average price is $48.71 and its 200 day moving average price is $57.23. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $26.99 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.
Delta Air Lines (NYSE:DAL - Get Free Report) last released 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). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.45%. Delta Air Lines's dividend payout ratio is presently 10.64%.
Insider Activity at Delta Air Lines
In related news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated 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 owns 35,889 shares of the company's stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares of the company's stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,776 shares of company stock valued at $4,155,951 over the last ninety days. Corporate insiders own 0.96% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on DAL. Jefferies Financial Group reissued a "hold" rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Citigroup lowered their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Raymond James cut their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Bank of America lowered their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.06.
Read Our Latest Stock Report on DAL
Delta Air Lines Profile
(
Free Report)
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.
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