Swiss National Bank Trims Stake in Delta Air Lines, Inc. (NYSE:DAL)

Swiss National Bank reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455,700 shares of the transportation company's stock after selling 23,200 shares during the period. Swiss National Bank owned approximately 0.07% of Delta Air Lines worth $27,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Assetmark Inc. lifted its position in Delta Air Lines by 68.1% in the third quarter. Assetmark Inc. now owns 3,006 shares of the transportation company's stock worth $153,000 after buying an additional 1,218 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $517,000. KBC Group NV boosted its stake in shares of Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after purchasing an additional 33,378 shares during the period. CIBC Asset Management Inc grew its holdings in Delta Air Lines by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 93,706 shares of the transportation company's stock valued at $4,759,000 after purchasing an additional 6,896 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Delta Air Lines by 12.9% in the 3rd quarter. Natixis Advisors LLC now owns 169,056 shares of the transportation company's stock worth $8,587,000 after purchasing an additional 19,350 shares during the period. 69.93% of the stock is currently owned by institutional investors.

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Insider Buying and Selling 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 that occurred 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 directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Down 0.1 %

Shares of NYSE:DAL traded down $0.07 during trading on Friday, reaching $46.89. The stock had a trading volume of 17,033,230 shares, compared to its average volume of 8,796,911. The firm's 50-day simple moving average is $61.21 and its 200 day simple moving average is $57.99. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a market capitalization of $30.31 billion, a P/E ratio of 8.80, a PEG 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 for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines's dividend payout ratio is currently 11.26%.

Analysts Set New Price Targets

Several brokerages have issued reports on DAL. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Citigroup cut their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday. Susquehanna lifted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. 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 report on Monday, January 13th. Finally, Barclays reduced their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen investment 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 stock has an average rating of "Buy" and an average price target of $76.29.

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.