Boston Partners acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,392,592 shares of the transportation company's stock, valued at approximately $328,398,000. Boston Partners owned approximately 0.84% of Delta Air Lines at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Sanders Capital LLC increased its stake in Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after purchasing an additional 416,338 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP acquired a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Delta Air Lines by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company's stock worth $217,654,000 after purchasing an additional 100,102 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Delta Air Lines
In related news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company's stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.
Delta Air Lines Trading Down 0.1 %
NYSE DAL traded down $0.07 on Friday, reaching $46.89. The stock had a trading volume of 17,058,560 shares, compared to its average volume of 8,787,192. The firm has a market capitalization of $30.31 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. 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 12-month low of $37.29 and a 12-month high of $69.98. The stock has a fifty day moving average price of $60.80 and a two-hundred day moving average price of $58.02.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 11.26%.
Analyst Ratings Changes
DAL has been the topic of several recent research reports. TD Cowen boosted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Barclays lowered 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. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group lowered their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Finally, Susquehanna boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $76.29.
Read Our Latest Report on Delta Air Lines
About Delta Air Lines
(
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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