Aberdeen Group plc increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 58.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,741 shares of the transportation company's stock after purchasing an additional 68,079 shares during the period. Aberdeen Group plc's holdings in Delta Air Lines were worth $7,932,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its holdings in shares of Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares during the last quarter. Utah Retirement Systems raised its stake in Delta Air Lines by 0.4% during the 4th quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company's stock valued at $3,190,000 after acquiring an additional 200 shares during the last quarter. Coppell Advisory Solutions LLC lifted its position in Delta Air Lines by 13.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,791 shares of the transportation company's stock worth $109,000 after acquiring an additional 206 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Delta Air Lines by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 21,148 shares of the transportation company's stock valued at $1,296,000 after purchasing an additional 222 shares during the last quarter. Finally, one8zero8 LLC increased its holdings in shares of Delta Air Lines by 1.1% in the first quarter. one8zero8 LLC now owns 21,405 shares of the transportation company's stock valued at $933,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
DAL has been the subject of a number of recent analyst reports. Susquehanna Bancshares raised their price objective on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a research report on Friday, July 11th. BNP Paribas Exane boosted their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Citigroup boosted their price objective on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $66.21.
Get Our Latest Report on Delta Air Lines
Delta Air Lines Trading Up 6.6%
NYSE:DAL traded up $3.7920 on Friday, reaching $61.6320. The stock had a trading volume of 10,298,637 shares, compared to its average volume of 7,192,062. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a market cap of $40.24 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.81 and a beta of 1.56. The firm's fifty day moving average is $53.69 and its two-hundred day moving average is $51.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to the consensus estimate of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 earnings per share. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.2%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 31st. Delta Air Lines's dividend payout ratio (DPR) is currently 10.87%.
Insider Activity
In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of Delta Air Lines stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total value of $1,007,280.00. Following the completion of the sale, the executive vice president owned 97,505 shares in the company, valued at $5,456,379.80. The trade was a 15.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the transaction, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. The trade was a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock valued at $7,663,496 in the last three months. Company insiders own 0.88% of the company's stock.
About Delta Air Lines
(
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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