Raymond James Financial Inc. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,067,383 shares of the transportation company's stock, valued at approximately $64,577,000. Raymond James Financial Inc. owned 0.17% of Delta Air Lines at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines during the third quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines in the third quarter worth approximately $189,296,000. Sanders Capital LLC increased its holdings in Delta Air Lines by 2.8% during the 3rd 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. Retirement Systems of Alabama raised its position in Delta Air Lines by 325.7% during the 4th quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock valued at $35,865,000 after purchasing an additional 453,547 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after buying an additional 416,338 shares during the period. Institutional investors own 69.93% of the company's stock.
Delta Air Lines Stock Down 3.3 %
NYSE:DAL traded down $1.48 during mid-day trading on Thursday, hitting $43.83. 16,222,276 shares of the company's stock traded hands, compared to its average volume of 8,691,988. The company has a fifty day moving average of $62.58 and a 200 day moving average of $57.80. 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 twelve month low of $37.29 and a twelve month high of $69.98. The company has a market capitalization of $28.33 billion, a P/E ratio of 8.22, 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 (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Delta Air Lines's payout ratio is currently 11.26%.
Insider Activity
In related news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 transaction, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Citigroup lifted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, November 21st. TD Cowen upped 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. Susquehanna lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Finally, Barclays lowered their target price on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $76.60.
Get Our Latest Stock Analysis on Delta Air Lines
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
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
