Trexquant Investment LP acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 318,674 shares of the transportation company's stock, valued at approximately $19,280,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delta Air Lines by 16.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,571 shares of the transportation company's stock worth $1,857,000 after buying an additional 5,046 shares during the period. Public Sector Pension Investment Board boosted its position in Delta Air Lines by 2.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 90,741 shares of the transportation company's stock worth $4,609,000 after acquiring an additional 2,500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Delta Air Lines by 12.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,941 shares of the transportation company's stock worth $67,548,000 after acquiring an additional 147,438 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Delta Air Lines by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 54,542 shares of the transportation company's stock worth $2,770,000 after acquiring an additional 3,106 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Delta Air Lines by 2,958.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 199,531 shares of the transportation company's stock valued at $10,134,000 after purchasing an additional 193,008 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on DAL shares. Barclays decreased their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Raymond James decreased their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday. TD Cowen raised their price target 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. Finally, Bank of America dropped 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. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.49.
Get Our Latest Analysis on Delta Air Lines
Insider Buying and Selling
In other news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction that occurred 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 owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.
Delta Air Lines Stock Performance
Delta Air Lines stock traded down $1.58 during trading hours on Friday, hitting $37.13. The company had a trading volume of 22,133,970 shares, compared to its average volume of 9,162,747. The firm has a 50-day moving average of $56.32 and a 200 day moving average of $58.14. 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 firm has a market cap of $24.00 billion, a PE ratio of 6.97, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a one year low of $34.74 and a one year 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, 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 return on equity of 30.41% and a net margin of 5.61%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.
About Delta Air Lines
(
Free Report)
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.
Further Reading
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