Mitsubishi UFJ Asset Management Co. Ltd. Acquires 34,819 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Delta Air Lines, Inc. (NYSE:DALFree Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 423,095 shares of the transportation company’s stock after purchasing an additional 34,819 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $16,391,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Morgan Stanley increased its stake in shares of Delta Air Lines by 8.7% in the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after buying an additional 865,746 shares during the period. Dimensional Fund Advisors LP raised its holdings in Delta Air Lines by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after purchasing an additional 826,232 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Delta Air Lines by 17.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after purchasing an additional 743,882 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Delta Air Lines by 3.0% in the 3rd quarter. Northern Trust Corp now owns 4,966,330 shares of the transportation company’s stock valued at $183,754,000 after purchasing an additional 145,513 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Delta Air Lines by 27.0% during the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock worth $178,112,000 after buying an additional 1,022,957 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. HSBC assumed coverage on Delta Air Lines in a report on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $59.25.

View Our Latest Report on Delta Air Lines

Delta Air Lines Trading Up 0.4 %

NYSE:DAL opened at $52.72 on Friday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The firm has a 50-day moving average price of $48.12 and a two-hundred day moving average price of $42.14. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. Delta Air Lines’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s payout ratio is currently 5.14%.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,919 shares of company stock worth $8,834,653. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Profile

(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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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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