AIA Group Ltd Increases Position in Delta Air Lines, Inc. (NYSE:DAL)

AIA Group Ltd grew its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 65.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,805 shares of the transportation company's stock after purchasing an additional 30,900 shares during the period. AIA Group Ltd's holdings in Delta Air Lines were worth $3,130,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DAL. Acadian Asset Management LLC bought a new position in shares of Delta Air Lines during the first quarter worth about $217,000. Panagora Asset Management Inc. boosted its position in Delta Air Lines by 41.8% during the 1st quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company's stock worth $1,022,000 after acquiring an additional 7,616 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Delta Air Lines during the 1st quarter worth approximately $243,000. Raymond James Trust N.A. lifted its position in shares of Delta Air Lines by 20.7% in the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company's stock worth $392,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Cibc World Market Inc. boosted its holdings in Delta Air Lines by 3.1% during the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company's stock worth $1,168,000 after purchasing an additional 891 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Delta Air Lines stock traded down $0.03 during midday trading on Thursday, reaching $47.85. 12,232,090 shares of the stock were exchanged, compared to its average volume of 10,904,032. The company's fifty day moving average is $44.02 and its 200-day moving average is $39.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81. The firm has a market cap of $30.88 billion, a PE ratio of 6.15, a PEG ratio of 0.69 and a beta of 1.43.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.84%. Delta Air Lines's payout ratio is currently 5.14%.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 target price on the stock. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. TheStreet upgraded Delta Air Lines from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently has an average rating of "Buy" and an average target price of $58.29.

Delta Air Lines Company 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.