Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,101 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,103 shares of the transportation company’s stock after purchasing an additional 1,101 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Delta Air Lines were worth $929,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Delta Air Lines by 495.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC grew its position in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 311 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $35,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the period. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DAL shares. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 4.1 %

Delta Air Lines stock opened at $49.90 on Friday. The stock has a market cap of $32.20 billion, a P/E ratio of 6.41, a PEG ratio of 0.73 and a beta of 1.43. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.94. The firm’s fifty day moving average price is $44.83 and its 200-day moving average price is $40.07. 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) 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. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Delta Air Lines’s payout ratio is currently 5.14%.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now directly owns 141,451 shares in the company, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,913 shares of company stock valued at $8,897,335. 0.89% of the stock is currently owned by company 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.