Delta Air Lines, Inc. (NYSE:DAL) is Mount Lucas Management LP's 10th Largest Position

Mount Lucas Management LP lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 95.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,045 shares of the transportation company's stock after purchasing an additional 67,759 shares during the period. Delta Air Lines accounts for 1.6% of Mount Lucas Management LP's holdings, making the stock its 10th biggest holding. Mount Lucas Management LP's holdings in Delta Air Lines were worth $5,594,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DAL. MeadowBrook Investment Advisors LLC bought a new position in Delta Air Lines during the fourth quarter worth $27,000. Venturi Wealth Management LLC raised its stake in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after buying an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new position in Delta Air Lines during the third quarter worth $35,000. Robeco Institutional Asset Management B.V. raised its stake in 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 last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Delta Air Lines during the third quarter worth $56,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Buying and Selling

In related news, EVP Joanne D. Smith sold 4,846 shares of the business's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares in the company, valued at $5,879,618.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $495,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares of the company's stock, valued at $5,879,618.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,919 shares of company stock worth $8,834,653. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on DAL. Bank of America lifted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. UBS Group began coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a "buy" rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $58.29.

Delta Air Lines Stock Down 0.3 %

Shares of NYSE DAL traded down $0.15 during mid-day trading on Friday, reaching $52.60. 6,118,938 shares of the company's stock traded hands, compared to its average volume of 10,187,272. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.15. The stock has a market cap of $33.66 billion, a P/E ratio of 6.76, a PEG ratio of 0.77 and a beta of 1.38. The business has a 50-day simple moving average of $47.03 and a 200 day simple moving average of $41.40. 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 released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share 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 for the quarter, compared to analysts' expectations of $12.51 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared 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. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is presently 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.