NEOS Investment Management LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 30.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,891 shares of the transportation company's stock after acquiring an additional 8,707 shares during the quarter. NEOS Investment Management LLC's holdings in Delta Air Lines were worth $2,232,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DAL. Vanguard Group Inc. increased its stake in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after purchasing an additional 456,465 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $789,452,000 after buying an additional 416,338 shares during the last quarter. Boston Partners bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $328,398,000. Charles Schwab Investment Management Inc. raised its holdings in Delta Air Lines by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company's stock worth $217,654,000 after acquiring an additional 100,102 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Delta Air Lines by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company's stock valued at $214,457,000 after acquiring an additional 274,067 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.
Delta Air Lines Stock Performance
NYSE DAL traded down $1.21 on Tuesday, hitting $42.39. 10,383,808 shares of the company traded hands, compared to its average volume of 9,089,784. The business's 50 day moving average price is $58.50 and its 200-day moving average price is $58.38. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week 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. The company has a market capitalization of $27.41 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.75 and a beta of 1.34.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for 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 business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.
Analyst Ratings Changes
Several research analysts have recently weighed in on DAL shares. UBS Group decreased their price target on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Jefferies Financial Group restated a "hold" rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday. TD Cowen lifted 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 note on Monday, January 13th. Finally, Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.29.
Check Out Our Latest Stock Report on Delta Air Lines
Insider Buying and Selling
In other news, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company's stock.
About Delta Air Lines
(
Free Report)
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.
Further Reading
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