American Century Companies Inc. Buys 122,824 Shares of Delta Air Lines, Inc. (NYSE:DAL)

American Century Companies Inc. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 928,215 shares of the transportation company's stock after buying an additional 122,824 shares during the period. American Century Companies Inc. owned about 0.14% of Delta Air Lines worth $56,157,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kingsview Wealth Management LLC grew its stake in Delta Air Lines by 13.4% in the third quarter. Kingsview Wealth Management LLC now owns 26,193 shares of the transportation company's stock valued at $1,330,000 after purchasing an additional 3,093 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 11.1% in the third quarter. Daiwa Securities Group Inc. now owns 41,398 shares of the transportation company's stock valued at $2,103,000 after buying an additional 4,132 shares in the last quarter. DRW Securities LLC bought a new position in shares of Delta Air Lines in the third quarter valued at $201,000. Brown Brothers Harriman & Co. increased its holdings in Delta Air Lines by 7.7% during the third quarter. Brown Brothers Harriman & Co. now owns 4,439 shares of the transportation company's stock worth $225,000 after buying an additional 318 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Delta Air Lines during the third quarter worth $234,000. Institutional investors own 69.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DAL shares. Susquehanna boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, January 7th. UBS Group reduced their price target on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Citigroup dropped their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Barclays decreased their target price on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $76.29.

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Delta Air Lines Stock Performance

Delta Air Lines stock traded down $2.36 during midday trading on Friday, reaching $43.80. The stock had a trading volume of 15,126,638 shares, compared to its average volume of 9,046,107. The firm has a market capitalization of $28.31 billion, a PE ratio of 8.22, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm's 50-day moving average price is $58.94 and its 200 day moving average price is $58.39.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is 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.