BW Gestao de Investimentos Ltda. Takes Position in Delta Air Lines, Inc. $DAL

BW Gestao de Investimentos Ltda. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 123,000 shares of the transportation company’s stock, valued at approximately $8,536,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $178,000. Sivia Capital Partners LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth $555,000. Marshall Wace LLP grew its stake in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the transaction, the executive vice president owned 138,854 shares of the company’s stock, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

DAL opened at $81.45 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $83.83. The firm has a market capitalization of $53.51 billion, a PE ratio of 11.87, a PEG ratio of 1.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The business’s 50-day simple moving average is $70.48 and its 200 day simple moving average is $68.22.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s payout ratio is 10.93%.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday. BNP Paribas Exane decreased their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein boosted their target price on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. UBS Group boosted their target price on Delta Air Lines from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Argus boosted their price target on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.