Capital World Investors Has $582.62 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Capital World Investors increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,395,096 shares of the transportation company’s stock after acquiring an additional 46,341 shares during the quarter. Capital World Investors owned about 1.29% of Delta Air Lines worth $582,620,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC lifted its stake in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares during the period. Accredited Wealth Management LLC lifted its stake in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at $31,000. SWAN Capital LLC lifted its stake in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.2%

Shares of Delta Air Lines stock opened at $79.55 on Monday. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $83.83. The business has a 50-day moving average of $71.58 and a two-hundred day moving average of $68.81. The company has a market capitalization of $52.26 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 5.37 EPS for the current year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on DAL shares. HSBC dropped their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Seaport Research Partners upped their price objective on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Wolfe Research dropped their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Citigroup upped their price objective on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Raymond James Financial upped their price objective on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.85.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 69,304 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the transaction, the executive vice president owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. The trade was a 49.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by corporate insiders.

Delta Air Lines Company 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.