APG Asset Management N.V. Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

APG Asset Management N.V. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 87,900 shares of the transportation company's stock, valued at approximately $5,136,000.

A number of other hedge funds have also recently modified their holdings of the stock. Boston Partners purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $328,398,000. Norges Bank acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $152,342,000. FMR LLC increased its position in shares of Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after buying an additional 2,254,560 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $64,577,000. Finally, Vanguard Group Inc. lifted its position in shares of Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays reduced their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America lowered their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. TD Cowen increased their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday. Finally, Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.06.

Remove Ads

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company's stock.

Delta Air Lines Trading Down 1.4 %

NYSE:DAL traded down $0.59 on Monday, hitting $40.29. The stock had a trading volume of 12,488,380 shares, compared to its average volume of 9,301,452. The company has a fifty day moving average price of $52.37 and a two-hundred day moving average price of $57.73. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.75 and a beta of 1.23. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. Delta Air Lines's payout ratio is currently 10.64%.

About Delta Air Lines

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.