Delta Air Lines, Inc. $DAL Stake Lowered by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Delta Air Lines by 54.3%, owning 146,467 shares valued at approximately $6.39 million after selling 174,105 shares in the first quarter.
• Several research firms have raised their price targets for Delta Air Lines, with Raymond James increasing its target from $60 to $68, contributing to a consensus rating of "Buy" and a target price of $66.21.
• Delta Air Lines recently increased its quarterly dividend to $0.1875 per share, representing a yield of 1.2% and a dividend payout ratio of 10.87%.

Caisse DE Depot ET Placement DU Quebec reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 54.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,467 shares of the transportation company's stock after selling 174,105 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Delta Air Lines were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines in the first quarter worth about $33,000. Continuum Advisory LLC lifted its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the last quarter. Hara Capital LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $35,000. N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $40,000. Finally, Private Wealth Management Group LLC raised its position in Delta Air Lines by 104.8% during the 1st quarter. Private Wealth Management Group LLC now owns 991 shares of the transportation company's stock valued at $43,000 after purchasing an additional 507 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Down 1.1%

NYSE DAL traded down $0.68 during trading on Tuesday, reaching $61.10. 3,864,028 shares of the company's stock were exchanged, compared to its average volume of 10,498,111. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The stock has a market cap of $39.89 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. The company has a 50 day moving average price of $55.31 and a two-hundred day moving average price of $50.57.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $15.51 billion for the quarter, compared to analysts' expectations of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.36 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 31st. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio is currently 10.87%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer owned 632,823 shares of the company's stock, valued at approximately $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director directly owned 33,245 shares of the company's stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,473 shares of company stock worth $7,663,496 in the last quarter. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DAL. Sanford C. Bernstein reiterated an "outperform" rating on shares of Delta Air Lines in a report on Friday, July 11th. BNP Paribas Exane lifted their price target on Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Susquehanna set a $65.00 price objective on Delta Air Lines and gave the company a "positive" rating in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $53.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, UBS Group set a $72.00 price target on Delta Air Lines in a report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $66.21.

Delta Air Lines Profile

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.