Asset Management One Co. Ltd. Has $5.93 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Asset Management One Co. Ltd. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,764 shares of the transportation company's stock after acquiring an additional 10,881 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Delta Air Lines were worth $5,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DAL. Senator Investment Group LP increased its stake in shares of Delta Air Lines by 90.0% in the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company's stock valued at $22,534,000 after purchasing an additional 225,000 shares during the last quarter. abrdn plc raised its position in shares of Delta Air Lines by 36.0% in the 3rd quarter. abrdn plc now owns 135,098 shares of the transportation company's stock worth $6,859,000 after acquiring an additional 35,792 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Delta Air Lines in the 1st quarter valued at $907,000. Oppenheimer Asset Management Inc. bought a new stake in Delta Air Lines in the 1st quarter valued at about $1,309,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Delta Air Lines by 354.6% in the 1st quarter. Cetera Investment Advisers now owns 218,566 shares of the transportation company's stock worth $10,463,000 after purchasing an additional 170,483 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded up $0.62 during trading on Friday, hitting $61.05. 4,646,339 shares of the stock were exchanged, compared to its average volume of 9,450,175. The company has a market cap of $39.39 billion, a PE ratio of 8.48, a P/E/G ratio of 1.18 and a beta of 1.33. Delta Air Lines, Inc. has a 12-month low of $33.31 and a 12-month high of $62.66. The company has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $48.21. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $2.03 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. TD Cowen reduced their target price on Delta Air Lines from $61.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Susquehanna upped their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 9th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group upped their target price on Delta Air Lines from $56.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $65.40.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 19,490 shares of the business's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares of the company's stock, valued at approximately $6,739,564.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now directly owns 58,897 shares of the company's stock, valued at $3,688,130.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,710 shares of company stock valued at $6,739,745. Insiders own 0.96% of the company's stock.

Delta Air Lines Company 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.