CIBC Asset Management Inc Raises Position in Delta Air Lines, Inc. (NYSE:DAL)

CIBC Asset Management Inc grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,914 shares of the transportation company's stock after acquiring an additional 4,208 shares during the quarter. CIBC Asset Management Inc's holdings in Delta Air Lines were worth $5,924,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after purchasing an additional 13,802 shares during the last quarter. KBC Group NV grew its stake in Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after purchasing an additional 33,378 shares during the period. Olstein Capital Management L.P. grew its stake in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after purchasing an additional 43,000 shares during the period. Donoghue Forlines LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth $2,036,000. Finally, River Road Asset Management LLC grew its stake in shares of Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after acquiring an additional 24,249 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. UBS Group reissued a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup boosted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Buy" and a consensus price target of $78.22.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 8,400 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction that occurred 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 $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Down 5.6 %

Shares of DAL stock traded down $3.57 during mid-day trading on Friday, hitting $60.18. 5,901,028 shares of the stock traded hands, compared to its average volume of 8,088,436. The stock has a market cap of $38.90 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.76 and a beta of 1.36. The stock's fifty day moving average is $64.31 and its two-hundred day moving average is $56.16. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines's revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.00%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

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.