Handelsbanken Fonder AB Has $11.51 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Handelsbanken Fonder AB decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286,068 shares of the transportation company’s stock after selling 59,622 shares during the quarter. Handelsbanken Fonder AB’s holdings in Delta Air Lines were worth $11,509,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its stake in Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 969 shares during the period. International Assets Investment Management LLC boosted its stake in Delta Air Lines by 132.3% during the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after purchasing an additional 265,852 shares during the period. Capital Advisors Inc. OK bought a new stake in Delta Air Lines during the 4th quarter valued at approximately $4,241,000. Meeder Asset Management Inc. boosted its stake in Delta Air Lines by 325.5% during the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after purchasing an additional 59,398 shares during the period. Finally, U S Global Investors Inc. boosted its stake in Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after purchasing an additional 773,636 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. 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 report on Thursday, April 11th. 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 report on Tuesday, April 9th. UBS Group started coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Price Performance

Shares of DAL stock opened at $49.24 on Wednesday. The stock’s fifty day simple moving average is $44.51 and its 200 day simple moving average is $39.95. 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, Inc. has a one year low of $30.60 and a one year high of $49.81. The firm has a market cap of $31.78 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. Delta Air Lines’s payout ratio is currently 5.14%.

Insider Transactions at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the business’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 owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was 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 owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

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.