UniSuper Management Pty Ltd increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,820 shares of the transportation company's stock after purchasing an additional 6,564 shares during the quarter. UniSuper Management Pty Ltd's holdings in Delta Air Lines were worth $2,772,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in Delta Air Lines by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 404,638 shares of the transportation company's stock worth $20,552,000 after acquiring an additional 12,450 shares during the period. Townsquare Capital LLC lifted its position in Delta Air Lines by 2.6% during the third quarter. Townsquare Capital LLC now owns 44,735 shares of the transportation company's stock valued at $2,272,000 after purchasing an additional 1,143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 valued at $1,857,000 after purchasing an additional 5,046 shares during the period. Public Sector Pension Investment Board increased its position in Delta Air Lines by 2.8% in the third quarter. Public Sector Pension Investment Board now owns 90,741 shares of the transportation company's stock worth $4,609,000 after buying an additional 2,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 valued at $67,548,000 after buying an additional 147,438 shares in the last quarter. Institutional investors own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on DAL. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Citigroup dropped their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. UBS Group decreased their price target on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, TD Cowen boosted their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $71.49.
View Our Latest Analysis on Delta Air Lines
Delta Air Lines Trading Down 10.1 %
NYSE DAL traded down $4.40 during trading hours on Thursday, hitting $38.97. 7,023,708 shares of the company were exchanged, compared to its average volume of 9,078,004. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $57.49 and a 200 day moving average price of $58.26. The stock has a market cap of $25.19 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly 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. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the company earned $1.28 earnings per share. Delta Air Lines's revenue was up 9.4% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid 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 dividend yield of 1.54%. Delta Air Lines's dividend payout ratio is 11.26%.
Insider Buying and Selling at Delta Air Lines
In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 in the company, 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 have sold 162,886 shares of company stock valued at $11,116,463 in the last quarter. 0.96% of the stock is owned by insiders.
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.
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