XTX Topco Ltd lifted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 624.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,641 shares of the transportation company's stock after purchasing an additional 152,248 shares during the quarter. Delta Air Lines comprises about 0.4% of XTX Topco Ltd's holdings, making the stock its 13th biggest holding. XTX Topco Ltd's holdings in Delta Air Lines were worth $7,702,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after purchasing an additional 1,922,932 shares during the period. Geode Capital Management LLC grew its holdings in shares of Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after purchasing an additional 410,648 shares during the period. Capital World Investors grew its holdings in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after purchasing an additional 46,101 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after purchasing an additional 92,208 shares during the period. Finally, FMR LLC grew its holdings in shares of Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after purchasing an additional 2,254,560 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.
Insider Activity at Delta Air Lines
In related news, EVP Peter W. Carter sold 17,550 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the sale, the executive vice president directly owned 191,442 shares in the company, valued at $10,948,567.98. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,973 shares of company stock valued at $7,511,746 over the last 90 days. Company insiders own 0.88% of the company's stock.
Delta Air Lines Stock Down 1.6%
DAL stock traded down $0.86 during midday trading on Wednesday, reaching $53.64. 7,332,228 shares of the company were exchanged, compared to its average volume of 11,280,146. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The stock's 50-day simple moving average is $51.13 and its 200 day simple moving average is $52.23. The company has a market cap of $35.02 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 EPS. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.
Delta Air Lines Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.40%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's dividend payout ratio (DPR) is 8.70%.
Wall Street Analysts Forecast Growth
DAL has been the subject of several research analyst reports. UBS Group set a $72.00 target price on shares of Delta Air Lines in a research note on Friday, July 11th. Barclays increased their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Raymond James Financial increased their target price on shares of Delta Air Lines from $60.00 to $68.00 in a research note on Friday, July 11th. The Goldman Sachs Group increased their target price on shares of Delta Air Lines from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $66.21.
Read Our Latest Research Report on Delta Air Lines
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.
See Also
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
