Delta Air Lines, Inc. $DAL Shares Purchased by Capital International Sarl

Capital International Sarl boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,113 shares of the transportation company’s stock after acquiring an additional 7,381 shares during the quarter. Capital International Sarl’s holdings in Delta Air Lines were worth $10,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Financial Bank Trust Division boosted its holdings in Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 150 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC raised its position in Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the period. LRI Investments LLC raised its position in Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 154 shares during the period. Finally, JFS Wealth Advisors LLC raised its position in Delta Air Lines by 25.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.2%

Shares of NYSE DAL 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 firm has a market cap of $52.26 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.12 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 stock’s 50-day simple moving average is $71.58 and its 200-day simple moving average is $68.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period in the previous 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 anticipate that Delta Air Lines, Inc. will post 5.37 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, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their price objective on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. HSBC cut their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Sanford C. Bernstein raised their price objective on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Seaport Research Partners raised their price objective on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.85.

Insider Transactions at Delta Air Lines

In other news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is currently owned by 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.