Myriad Asset Management US LP Acquires Shares of 25,433 Delta Air Lines, Inc. (NYSE:DAL)

Myriad Asset Management US LP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,433 shares of the transportation company's stock, valued at approximately $1,539,000.

A number of other hedge funds also recently modified their holdings of the business. Sanders Capital LLC raised its position in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Geode Capital Management LLC raised its position in shares of 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 worth $789,452,000 after purchasing an additional 416,338 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines during the third quarter worth about $189,296,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company's stock worth $177,637,000 after buying an additional 10,332 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DAL. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Susquehanna raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. UBS Group restated a "buy" rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Barclays raised their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $78.22.

Delta Air Lines Stock Performance

NYSE:DAL traded up $0.70 during mid-day trading on Wednesday, hitting $65.04. 7,613,276 shares of the stock were exchanged, compared to its average volume of 8,158,825. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm's 50-day simple moving average is $64.23 and its 200 day simple moving average is $56.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly 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. The business had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines's payout ratio is currently 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company's stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines 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 completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company's stock.

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.