State of New Jersey Common Pension Fund D Has $3.54 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

State of New Jersey Common Pension Fund D raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 19.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 58,509 shares of the transportation company's stock after purchasing an additional 9,470 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Delta Air Lines were worth $3,540,000 as of its most recent filing with the SEC.

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

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction 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 of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last 90 days. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DAL. Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. TD Cowen increased 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, November 21st. UBS Group reiterated a "buy" rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Buy" and a consensus target price of $78.22.

Delta Air Lines Price Performance

NYSE DAL traded down $3.55 on Friday, hitting $60.21. 5,901,028 shares of the company were exchanged, compared to its average volume of 8,088,436. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm has a 50 day moving average of $64.31 and a two-hundred day moving average of $56.16. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market cap of $38.92 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.76 and a beta of 1.36.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.

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.