Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,297 shares of the transportation company's stock after purchasing an additional 11,311 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Delta Air Lines were worth $1,833,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DAL. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Delta Air Lines by 3.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,645 shares of the transportation company's stock valued at $1,303,000 after acquiring an additional 778 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Delta Air Lines by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company's stock valued at $1,877,000 after purchasing an additional 699 shares in the last quarter. Venture Visionary Partners LLC increased its stake in Delta Air Lines by 2.2% during the 3rd quarter. Venture Visionary Partners LLC now owns 33,927 shares of the transportation company's stock valued at $1,723,000 after purchasing an additional 720 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Delta Air Lines by 302.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,288 shares of the transportation company's stock valued at $116,000 after purchasing an additional 1,719 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new position in Delta Air Lines during the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 69.93% of the company's stock.
Insider Transactions at Delta Air Lines
In other news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were 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 directly owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction dated 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. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DAL. Citigroup upped their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group restated a "buy" rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $78.22.
Read Our Latest Stock Analysis on Delta Air Lines
Delta Air Lines Stock Performance
NYSE DAL traded down $3.87 during mid-day trading on Friday, reaching $59.88. 12,789,636 shares of the stock were exchanged, compared to its average volume of 8,309,664. The business's 50 day moving average is $64.31 and its 200-day moving average is $56.16. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a market capitalization of $38.71 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.76 and a beta of 1.36. 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 posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 11.26%.
Delta Air Lines Profile
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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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