Headlands Technologies LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 1,700.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,909 shares of the transportation company's stock after purchasing an additional 15,970 shares during the quarter. Headlands Technologies LLC's holdings in Delta Air Lines were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in DAL. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock worth $25,000 after buying an additional 570 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Delta Air Lines by 396.6% during the 4th 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 in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its stake in Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company's stock valued at $32,000 after purchasing an additional 311 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Delta Air Lines by 1,302.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company's stock valued at $49,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Delta Air Lines by 147.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company's stock valued at $58,000 after purchasing an additional 855 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines Stock Up 0.1 %
Shares of DAL traded up $0.04 during mid-day trading on Friday, reaching $49.92. The company's stock had a trading volume of 9,982,953 shares, compared to its average volume of 12,289,924. The business has a fifty day moving average of $45.03 and a 200 day moving average of $40.21. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $50.24. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.
Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Delta Air Lines's dividend payout ratio is 5.14%.
Analysts Set New Price Targets
A number of brokerages have issued reports on DAL. Morgan Stanley reaffirmed an "overweight" rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. UBS Group started coverage on 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. Susquehanna raised their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research note on Tuesday, April 9th. TheStreet raised Delta Air Lines from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. One investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $58.29.
Read Our Latest Stock Analysis on DAL
Insider Buying and Selling
In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,913 shares of company stock worth $8,897,335. Corporate insiders own 0.89% of the company's stock.
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.
Featured Stories
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
