Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,605 shares of the transportation company’s stock after selling 546 shares during the quarter. Stephens Inc. AR’s holdings in Delta Air Lines were worth $789,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its position in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares during the last quarter. Capital World Investors boosted its position in Delta Air Lines by 0.5% during the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock worth $602,691,000 after acquiring an additional 79,818 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Delta Air Lines by 8.7% in the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after purchasing an additional 865,746 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Delta Air Lines by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock valued at $336,908,000 after purchasing an additional 826,232 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Delta Air Lines by 27.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. HSBC started coverage on Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price on the stock. Citigroup raised their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Bank of America raised their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a 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 report on Tuesday, April 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $59.85.

View Our Latest Stock Analysis on DAL

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $50.52 on Tuesday. The company has a market cap of $32.60 billion, a P/E ratio of 6.49, a PEG ratio of 0.74 and a beta of 1.37. 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, Inc. has a one year low of $30.60 and a one year high of $53.86. The business’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 announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for 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 company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now owns 112,421 shares in the company, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now owns 112,421 shares in the company, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the firm’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 sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders sold a total of 178,919 shares of company stock worth $8,834,653 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines 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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