Xponance Inc. Acquires 24,372 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Xponance Inc. increased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 37.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,859 shares of the transportation company's stock after acquiring an additional 24,372 shares during the quarter. Xponance Inc.'s holdings in Delta Air Lines were worth $5,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. Donoghue Forlines LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $2,036,000. Geode Capital Management LLC grew its position in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines in the 3rd quarter worth approximately $189,296,000. Meridian Wealth Management LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $1,693,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $3,593,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded up $2.12 during trading on Monday, reaching $48.89. The company's stock had a trading volume of 9,834,112 shares, compared to its average volume of 8,799,891. The stock has a 50-day moving average price of $60.80 and a two-hundred day moving average price of $58.25. The stock has a market capitalization of $31.61 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. 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.

Remove Ads

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. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. TD Cowen upped their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. UBS Group lowered their price objective on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Susquehanna raised 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. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $76.29.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $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 the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following 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 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.

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.