Scotia Capital Inc. Has $6.54 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Scotia Capital Inc. raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,165 shares of the transportation company's stock after purchasing an additional 20,488 shares during the quarter. Scotia Capital Inc.'s holdings in Delta Air Lines were worth $6,544,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $29,000. Hemington Wealth Management boosted its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Crews Bank & Trust bought a new position in Delta Air Lines during the 4th quarter valued at $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays lowered their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Susquehanna reduced their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Bank of America decreased their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.06.

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Delta Air Lines Stock Performance

DAL stock traded down $0.59 during midday trading on Monday, reaching $40.29. The stock had a trading volume of 12,488,380 shares, compared to its average volume of 9,301,457. The stock has a market cap of $26.05 billion, a PE ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.23. The firm has a fifty day simple moving average of $52.37 and a two-hundred day simple moving average of $57.73. 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 52-week low of $34.74 and a 52-week high of $69.98.

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

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,886 shares of company stock worth $11,116,463. Corporate 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.