46,472 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Bank of Hawaii

Bank of Hawaii acquired a new stake in shares of 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 (SEC). The firm acquired 46,472 shares of the transportation company's stock, valued at approximately $2,812,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth approximately $27,000. Hemington Wealth Management grew its holdings in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $29,000. Crews Bank & Trust bought a new stake in Delta Air Lines during the 4th quarter valued at $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. UBS Group cut Delta Air Lines from a "buy" rating to a "neutral" rating and cut their target price for the stock from $77.00 to $42.00 in a research note on Monday, April 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Bank of America cut their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Susquehanna decreased their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.06.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $0.91 during trading hours on Tuesday, reaching $41.21. The company had a trading volume of 4,433,611 shares, compared to its average volume of 9,282,824. The firm has a market cap of $26.64 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The business has a fifty day moving average price of $51.80 and a 200-day moving average price of $57.66. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's payout ratio is currently 10.64%.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 approximately $660,455.04. The trade was a 40.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. Company insiders own 0.96% of the company's stock.

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.