Delta Air Lines, Inc. (NYSE:DAL) is Lansdowne Partners UK LLP's 3rd Largest Position

Lansdowne Partners UK LLP increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 67.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,445,447 shares of the transportation company's stock after purchasing an additional 1,387,201 shares during the quarter. Delta Air Lines makes up approximately 15.1% of Lansdowne Partners UK LLP's portfolio, making the stock its 3rd biggest holding. Lansdowne Partners UK LLP owned 0.53% of Delta Air Lines worth $208,450,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Optimize Financial Inc purchased a new position in Delta Air Lines during the 4th quarter worth $299,000. Crux Wealth Advisors acquired a new stake in Delta Air Lines in the 4th quarter valued at about $308,000. Sterling Capital Management LLC raised its stake in Delta Air Lines by 119.9% during the 4th quarter. Sterling Capital Management LLC now owns 54,002 shares of the transportation company's stock worth $3,267,000 after acquiring an additional 29,439 shares in the last quarter. Heritage Trust Co acquired a new stake in shares of Delta Air Lines in the 4th quarter worth $1,404,000. Finally, Jaffetilchin Investment Partners LLC grew its stake in Delta Air Lines by 29.7% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 3,949 shares of the transportation company's stock valued at $239,000 after acquiring an additional 904 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated 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 approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines 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 directly owns 19,756 shares of the company's stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

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Delta Air Lines Stock Down 1.4 %

Shares of DAL traded down $0.59 on Monday, hitting $40.29. 12,488,380 shares of the stock traded hands, compared to its average volume of 9,301,458. 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, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a market capitalization of $26.05 billion, a PE ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.23. The business has a 50 day simple moving average of $52.37 and a 200 day simple moving average of $57.73.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.49%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DAL shares. TD Cowen boosted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday. Raymond James lowered their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group decreased their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

About Delta Air Lines

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.