Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,090,209 shares of the transportation company's stock after purchasing an additional 92,208 shares during the quarter. Dimensional Fund Advisors LP owned 1.72% of Delta Air Lines worth $670,994,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $328,398,000. Norges Bank acquired a new position in shares of Delta Air Lines during the 4th quarter valued at $152,342,000. FMR LLC raised its stake in shares of Delta Air Lines by 29.3% in the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after buying an additional 2,254,560 shares in the last quarter. Sanders Capital LLC boosted its stake in Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after buying an additional 1,922,932 shares in the last quarter. Finally, Lansdowne Partners UK LLP grew its holdings in Delta Air Lines by 67.4% during the fourth quarter. Lansdowne Partners UK LLP now owns 3,445,447 shares of the transportation company's stock worth $208,450,000 after acquiring an additional 1,387,201 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 0.5 %

DAL stock opened at $40.81 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a market cap of $26.38 billion, a P/E ratio of 7.66, a PEG ratio of 0.75 and a beta of 1.23. The business has a fifty day moving average of $49.72 and a 200-day moving average of $57.29.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its 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 analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

Wall Street Analyst Weigh In

DAL has been the subject of several research reports. TD Cowen raised their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Susquehanna reduced 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 report on Monday, April 7th. UBS Group cut Delta Air Lines from a "buy" rating to a "neutral" rating and dropped their price target for the company from $77.00 to $42.00 in a report on Monday, April 7th. Jefferies Financial Group reissued a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, Barclays decreased their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.06.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction 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 $2,479,212.12. This trade represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,486 shares of company stock worth $10,561,895. 0.96% of the stock is currently owned by company insiders.

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.

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