Canada Post Corp Registered Pension Plan Purchases New Stake in Delta Air Lines, Inc. (NYSE:DAL)

Canada Post Corp Registered Pension Plan purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,720 shares of the transportation company's stock, valued at approximately $528,000.

Other institutional investors also recently bought and sold shares of the company. 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 increased its position in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the fourth quarter worth approximately $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 institutional investors.

Insider Activity

In related news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines 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 sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 154,486 shares of company stock worth $10,561,895 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. StockNews.com cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Susquehanna lowered their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group reissued a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, UBS Group downgraded Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and an average price target of $61.06.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded down $1.70 during trading hours on Monday, reaching $39.15. The stock had a trading volume of 3,032,070 shares, compared to its average volume of 9,249,631. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $25.56 billion, a PE ratio of 7.34, a PEG ratio of 0.75 and a beta of 1.23. The stock's 50 day moving average is $49.72 and its 200 day moving average is $57.42.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The business had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Equities analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's payout ratio is 10.64%.

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.