Geode Capital Management LLC Has $968.23 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Geode Capital Management LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,912,584 shares of the transportation company's stock after purchasing an additional 410,648 shares during the period. Geode Capital Management LLC owned 2.47% of Delta Air Lines worth $968,234,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management raised its position in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the 4th quarter valued at approximately $30,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth $33,000. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $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 available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 19,756 shares in the company, 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 162,886 shares of company stock valued at $11,116,463 in the last quarter. Company insiders own 0.96% of the company's stock.

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Delta Air Lines Trading Down 0.5 %

Shares of Delta Air Lines stock traded down $0.17 on Monday, reaching $37.08. 9,602,816 shares of the company were exchanged, compared to its average volume of 9,165,917. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The stock has a fifty day moving average price of $56.32 and a 200-day moving average price of $58.22. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. 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 announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.28 EPS. On average, 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 given a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. Delta Air Lines's payout ratio is 11.26%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DAL shares. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. UBS Group downgraded Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $77.00 to $42.00 in a research report on Monday. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Barclays reduced their price target on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Raymond James decreased their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus price target of $67.20.

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.