Mitsubishi UFJ Asset Management Co. Ltd. Acquires 22,771 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 656,703 shares of the transportation company's stock after purchasing an additional 22,771 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.10% of Delta Air Lines worth $38,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Hemington Wealth Management grew its position in 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 in the last quarter. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter valued at $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Down 2.8 %

Shares of NYSE:DAL traded down $1.22 on Tuesday, reaching $42.38. The company had a trading volume of 13,967,860 shares, compared to its average volume of 9,101,391. The stock has a market capitalization of $27.40 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.75 and a beta of 1.34. The stock has a 50-day moving average price of $58.50 and a 200 day moving average price of $58.38. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month 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.

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Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the company earned $1.28 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.42%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group reissued a "hold" rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday. UBS Group lowered their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Barclays lowered their price objective 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. Finally, Citigroup cut 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 report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.29.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines 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 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 disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 in the last quarter. Insiders own 0.96% of the company's stock.

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.