Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by American International Group Inc.

American International Group Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 181,107 shares of the transportation company’s stock after purchasing an additional 2,783 shares during the period. American International Group Inc.’s holdings in Delta Air Lines were worth $7,286,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. MeadowBrook Investment Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $27,000. Venturi Wealth Management LLC lifted its holdings 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 worth $29,000 after acquiring an additional 575 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares during the last quarter. Headlands Technologies LLC bought a new position in Delta Air Lines in the third quarter worth about $35,000. Finally, Nordwand Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth about $40,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction that occurred 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 transaction, the executive vice president now owns 112,421 shares in the company, valued at $5,879,618.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines 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 in the company, valued at approximately $5,879,618.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred 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 transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

NYSE DAL opened at $50.52 on Tuesday. 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 current ratio of 0.41 and a quick ratio of 0.36. The firm has a market capitalization of $32.60 billion, a PE ratio of 6.49, a P/E/G ratio of 0.74 and a beta of 1.37. The company’s 50 day simple moving average is $49.99 and its 200 day simple moving average is $44.14.

Delta Air Lines (NYSE:DALGet Free Report) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were given a $0.10 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.79%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DAL shares. Susquehanna raised their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Bank of America raised their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group started coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, HSBC assumed coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price on the stock. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $59.85.

Get Our Latest Stock Analysis on DAL

Delta Air Lines Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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