Charles Schwab Investment Management Inc. increased its position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,301,935 shares of the transportation company’s stock after acquiring an additional 25,065 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.51% of Delta Air Lines worth $122,172,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. purchased a new stake in Delta Air Lines in the 1st quarter worth approximately $502,000. Migdal Insurance & Financial Holdings Ltd. increased 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 acquiring an additional 570 shares in the last quarter. Tyler Stone Wealth Management purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $36,000. Coppell Advisory Solutions Corp. purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $28,000. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after acquiring an additional 311 shares in the last quarter. 71.29% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines Stock Up 0.4 %
NYSE DAL opened at $40.51 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.38. The company has a market capitalization of $26.06 billion, a P/E ratio of 5.67, a P/E/G ratio of 0.72 and a beta of 1.42. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The stock has a 50 day moving average price of $39.96 and a 200-day moving average price of $38.94.
Delta Air Lines Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, February 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.99%. Delta Air Lines’s payout ratio is presently 5.59%.
Insider Activity at Delta Air Lines
In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is currently owned by insiders.
Analyst Ratings Changes
DAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on Delta Air Lines from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $55.54.
Delta Air Lines Company 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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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