Bridgewater Associates LP bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 592,061 shares of the transportation company's stock, valued at approximately $23,819,000. Bridgewater Associates LP owned approximately 0.09% of Delta Air Lines at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Capital International Investors boosted its holdings in Delta Air Lines by 8.8% in the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company's stock worth $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Capital World Investors boosted its stake in shares of Delta Air Lines by 0.5% in the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company's stock worth $602,691,000 after acquiring an additional 79,818 shares during the period. Morgan Stanley raised its position in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company's stock valued at $401,048,000 after buying an additional 865,746 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company's stock valued at $336,908,000 after buying an additional 826,232 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company's stock valued at $260,198,000 after purchasing an additional 1,376,221 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.
Delta Air Lines Stock Performance
DAL traded down $1.20 on Tuesday, reaching $49.30. The company had a trading volume of 7,118,785 shares, compared to its average volume of 9,734,400. The stock has a market capitalization of $31.81 billion, a PE ratio of 6.34, a P/E/G ratio of 0.74 and a beta of 1.37. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The stock has a 50-day moving average price of $50.04 and a 200-day moving average price of $44.23.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Monday, May 13th. Delta Air Lines's payout ratio is currently 5.14%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Morgan Stanley reissued an "overweight" rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Bank of America increased their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, April 11th. Susquehanna boosted their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday, April 9th. Finally, StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of "Buy" and an average target price of $59.85.
View Our Latest Report on Delta Air Lines
Insider Buying and Selling at Delta Air Lines
In other news, Director Willie Cw Chiang purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $495,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $495,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Glen W. Hauenstein sold 100,000 shares of the company's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.96% of the stock is owned by company insiders.
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.
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