54,009 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 54,009 shares of the transportation company's stock, valued at approximately $3,275,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Partners purchased a new position in shares of Delta Air Lines during the 4th quarter valued at $328,398,000. Norges Bank bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $152,342,000. Raymond James Financial Inc. purchased a new stake in Delta Air Lines during the 4th quarter valued at $64,577,000. Vanguard Group Inc. boosted its stake in Delta Air Lines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock worth $4,380,820,000 after buying an additional 456,465 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Delta Air Lines by 325.7% in the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock valued at $35,865,000 after acquiring an additional 453,547 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Down 0.8 %

Shares of NYSE DAL traded down $0.33 during mid-day trading on Monday, hitting $40.55. The company had a trading volume of 7,940,249 shares, compared to its average volume of 9,284,660. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The company has a market capitalization of $26.21 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The business's 50-day simple moving average is $52.37 and its 200 day simple moving average is $57.73. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

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Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DAL shares. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and cut their price target for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Bank of America lowered their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Susquehanna cut their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group reissued a "hold" rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $61.06.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company's stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,886 shares of company stock worth $11,116,463. Company 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.