Fmr LLC Purchases 2,254,560 Shares of Delta Air Lines, Inc. (NYSE:DAL)

FMR LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,955,818 shares of the transportation company's stock after acquiring an additional 2,254,560 shares during the period. FMR LLC owned about 1.54% of Delta Air Lines worth $602,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in Delta Air Lines by 46.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,571 shares of the transportation company's stock valued at $216,000 after acquiring an additional 1,128 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $262,000. Peapack Gladstone Financial Corp bought a new stake in Delta Air Lines in the fourth quarter worth $209,000. Quadrant Capital Group LLC increased its position in Delta Air Lines by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,254 shares of the transportation company's stock worth $439,000 after buying an additional 299 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Delta Air Lines by 1.5% during the fourth quarter. Russell Investments Group Ltd. now owns 2,635,583 shares of the transportation company's stock valued at $159,456,000 after buying an additional 37,967 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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Delta Air Lines Trading Down 0.7 %

Shares of DAL traded down $0.28 during trading hours on Monday, hitting $40.60. 3,583,850 shares of the stock traded hands, compared to its average volume of 9,266,879. The business has a fifty day moving average of $52.37 and a 200-day moving average of $57.73. The firm has a market capitalization of $26.25 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.48%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value 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 approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was 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 owns 439,819 shares of the company's stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. Susquehanna decreased their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Citigroup lowered their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays reduced their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group downgraded Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their target price for the company from $77.00 to $42.00 in a research note on Monday, April 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.