KLP Kapitalforvaltning AS Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

KLP Kapitalforvaltning AS purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 65,701 shares of the transportation company's stock, valued at approximately $3,975,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Geode Capital Management LLC grew its stake in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Boston Partners bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $328,398,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines during the third quarter valued at about $189,296,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Delta Air Lines by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company's stock worth $217,654,000 after purchasing an additional 100,102 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Delta Air Lines by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company's stock worth $214,457,000 after buying an additional 274,067 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last 90 days. Insiders own 0.96% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DAL. Citigroup reduced their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Barclays reduced their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. UBS Group reduced their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Finally, StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $76.29.

Delta Air Lines Trading Down 5.1 %

NYSE:DAL traded down $2.36 during midday trading on Friday, hitting $43.80. The stock had a trading volume of 15,126,638 shares, compared to its average volume of 9,046,107. The stock has a 50-day moving average of $58.94 and a 200 day moving average of $58.39. The company has a market capitalization of $28.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. 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 (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

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

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.