SBI Securities Co. Ltd. Invests $1.67 Million in Delta Air Lines, Inc. (NYSE:DAL)

SBI Securities Co. Ltd. bought a new position in shares of 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. The firm bought 27,634 shares of the transportation company's stock, valued at approximately $1,672,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WASHINGTON TRUST Co increased its stake in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after acquiring an additional 150 shares during the last quarter. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Mason & Associates Inc boosted its holdings in shares of Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after purchasing an additional 160 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after purchasing an additional 173 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock valued at $110,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Up 3.9 %

NYSE:DAL traded up $2.14 during trading hours on Wednesday, hitting $56.83. The company had a trading volume of 8,739,484 shares, compared to its average volume of 8,491,618. 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 stock has a 50-day moving average price of $64.11 and a 200 day moving average price of $57.57. The company has a market capitalization of $36.74 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results 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. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts predict 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 given 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 dividend yield of 1.06%. Delta Air Lines's dividend payout ratio is presently 11.26%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. UBS Group reiterated a "buy" rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup boosted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, TD Cowen boosted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company's 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 sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. Company insiders own 0.96% of the company's stock.

Delta Air Lines 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.