Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,410,242 shares of the transportation company's stock after purchasing an additional 456,465 shares during the period. Vanguard Group Inc. owned approximately 11.22% of Delta Air Lines worth $4,380,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of DAL. Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $2,036,000. Geode Capital Management LLC increased its stake in Delta Air Lines by 2.8% in the third 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 period. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines during the third quarter worth $189,296,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $3,593,000. Finally, Bridgewater Associates LP grew its holdings in shares of Delta Air Lines by 31.2% in the third quarter. Bridgewater Associates LP now owns 232,401 shares of the transportation company's stock worth $11,804,000 after purchasing an additional 55,318 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Buying and Selling

In related news, 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 value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 in the last ninety days. 0.96% of the stock is owned by insiders.

Remove Ads

Delta Air Lines Stock Down 5.1 %

Delta Air Lines stock traded down $2.36 during trading hours on Friday, reaching $43.80. The stock had a trading volume of 15,126,638 shares, compared to its average volume of 9,046,955. The company has a market cap of $28.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. The business's 50 day moving average price is $58.94 and its 200-day moving average price is $58.18. 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 posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Delta Air Lines's revenue was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. Delta Air Lines's payout ratio is 11.26%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DAL. UBS Group decreased their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, January 7th. Barclays reduced their price objective 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. Finally, TD Cowen upped 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. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Buy" and a consensus price target of $76.29.

Delta Air Lines Company 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.