Jennison Associates LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 145.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,618,627 shares of the transportation company's stock after purchasing an additional 1,550,770 shares during the quarter. Jennison Associates LLC owned about 0.41% of Delta Air Lines worth $105,347,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley increased its position in shares of Delta Air Lines by 8.7% in the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company's stock worth $401,048,000 after acquiring an additional 865,746 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Delta Air Lines by 17.1% during the third quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company's stock valued at $188,514,000 after purchasing an additional 743,882 shares in the last quarter. Northern Trust Corp grew its position in Delta Air Lines by 3.0% in the third quarter. Northern Trust Corp now owns 4,966,330 shares of the transportation company's stock worth $183,754,000 after acquiring an additional 145,513 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Delta Air Lines by 27.0% in the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company's stock worth $178,112,000 after buying an additional 1,022,957 shares during the last quarter. Finally, U S Global Investors Inc. raised its stake in Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company's stock valued at $178,400,000 after purchasing an additional 773,636 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines Trading Up 0.4 %
DAL stock traded up $0.22 during trading on Tuesday, hitting $49.24. The company had a trading volume of 10,666,233 shares, compared to its average volume of 10,868,651. The business has a 50-day moving average of $44.33 and a 200-day moving average of $39.86. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The stock has a market cap of $31.78 billion, a PE ratio of 6.30, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines's payout ratio is presently 5.14%.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was 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 directly owns 428,768 shares of the company's stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Glen W. Hauenstein sold 100,000 shares of the company's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company's stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 71,840 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was 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 directly owns 428,768 shares in the company, valued at $16,807,705.60. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. TheStreet upgraded shares of Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a "buy" rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Morgan Stanley reaffirmed an "overweight" rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, Susquehanna boosted their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $58.29.
Read Our Latest Stock Report on Delta Air Lines
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.
Read More
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
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
