Independent Advisor Alliance Raises Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Independent Advisor Alliance boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,201 shares of the transportation company's stock after acquiring an additional 56,498 shares during the quarter. Independent Advisor Alliance's holdings in Delta Air Lines were worth $4,755,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAL. Jennison Associates LLC increased its holdings in Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company's stock valued at $105,347,000 after buying an additional 1,550,770 shares in the last quarter. Invesco Ltd. grew its holdings in Delta Air Lines by 27.0% in the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company's stock valued at $178,112,000 after purchasing an additional 1,022,957 shares during the period. Morgan Stanley increased its holdings in shares of Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company's stock worth $401,048,000 after buying an additional 865,746 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Delta Air Lines by 541.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 998,156 shares of the transportation company's stock worth $36,932,000 after purchasing an additional 842,487 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Delta Air Lines by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company's stock worth $336,908,000 after buying an additional 826,232 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity

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 shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares of the company's stock, valued at approximately $10,672,495.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, President Glen W. Hauenstein sold 100,000 shares of the firm's 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 completion of the sale, the president now directly owns 217,584 shares of the company's stock, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the completion of the transaction, the executive vice president now owns 112,421 shares of the company's stock, valued at approximately $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 valued at $8,834,653. Company insiders own 0.89% of the company's stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded up $0.19 during trading on Friday, hitting $52.70. 4,535,283 shares of the stock were exchanged, compared to its average volume of 8,324,207. The stock has a market cap of $34.01 billion, a PE ratio of 6.78, a P/E/G ratio of 0.77 and a beta of 1.38. The stock's fifty day moving average is $48.12 and its 200 day moving average is $42.14. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

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, 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 for the quarter, compared to analysts' expectations of $12.51 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.66 EPS for the current year.

Delta Air Lines Announces Dividend

The firm 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. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. Delta Air Lines's payout ratio is 5.14%.

Analyst Ratings Changes

DAL has been the topic of a number of analyst reports. HSBC assumed coverage on shares of Delta Air Lines in a research note on Monday, May 13th. They set a "buy" rating and a $72.80 price objective on the stock. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a report on Tuesday, April 9th. UBS Group began coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research report 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 equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $59.25.

About Delta Air Lines

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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