Fifth Third Bancorp Has $4.70 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Fifth Third Bancorp cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,235 shares of the transportation company's stock after selling 20,957 shares during the period. Fifth Third Bancorp's holdings in Delta Air Lines were worth $4,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Capital International Investors boosted its position in Delta Air Lines by 8.8% in the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company's stock valued at $842,283,000 after buying an additional 1,689,053 shares during the last quarter. Capital World Investors grew its stake in Delta Air Lines by 0.5% in the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company's stock valued at $602,691,000 after acquiring an additional 79,818 shares during the period. Morgan Stanley increased its holdings 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. Wellington Management Group LLP lifted its holdings in shares of Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company's stock valued at $346,008,000 after purchasing an additional 5,914,301 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Delta Air Lines by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company's stock worth $336,908,000 after purchasing an additional 826,232 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, April 11th. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a "buy" rating and a $59.00 price target for the company. Susquehanna lifted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a report on Tuesday, April 9th. Finally, Morgan Stanley restated an "overweight" rating and set a $85.00 target price on shares of Delta Air Lines in a 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 company's stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average price target of $58.29.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $495,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $495,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter W. Carter sold 50,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the completion of the transaction, the executive vice president now owns 143,328 shares of the company's stock, valued at approximately $7,166,400. The disclosure for this sale can be found here. Insiders have sold 174,073 shares of company stock worth $8,581,207 in the last ninety days. Company insiders own 0.89% of the company's stock.

Delta Air Lines Stock Performance

Delta Air Lines stock traded up $0.52 during mid-day trading on Friday, hitting $51.55. 9,165,946 shares of the company's stock traded hands, compared to its average volume of 12,487,077. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $51.65. The stock has a market cap of $32.99 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.76 and a beta of 1.38. The firm has a 50 day simple moving average of $45.98 and a two-hundred day simple moving average of $40.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

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, topping 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 business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. Delta Air Lines's revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 6.55 EPS 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. Shareholders of record on Tuesday, May 14th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, May 13th. Delta Air Lines's payout ratio is 5.14%.

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.

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