Zurcher Kantonalbank Zurich Cantonalbank Has $1.95 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 66.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,501 shares of the transportation company's stock after selling 95,824 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Delta Air Lines were worth $1,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Delta Air Lines by 495.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock valued at $25,000 after purchasing an additional 570 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC boosted its position in shares of Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company's stock worth $32,000 after buying an additional 311 shares during the period. Headlands Technologies LLC acquired a new position in shares of Delta Air Lines during the third quarter worth approximately $35,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company's stock worth $49,000 after buying an additional 1,224 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Up 4.1 %

NYSE:DAL traded up $1.96 during trading hours on Thursday, hitting $49.90. 12,938,428 shares of the stock traded hands, compared to its average volume of 10,887,830. The firm has a 50 day moving average price of $44.83 and a 200 day moving average price of $40.07. 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, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.94. The firm has a market cap of $32.20 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.73 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 (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the previous year, the business earned $0.25 EPS. The company's revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Delta Air Lines's dividend payout ratio (DPR) is presently 5.14%.

Wall Street Analyst Weigh In

DAL has been the subject of several analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Susquehanna boosted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research report on Tuesday, April 9th. Finally, Bank of America boosted their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $58.29.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 24,073 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now directly owns 141,451 shares of the company's stock, valued at $6,911,295.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now directly owns 141,451 shares of the company's stock, valued at $6,911,295.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction 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 in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,913 shares of company stock valued at $8,897,335. 0.89% of the stock is owned by insiders.

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.