Delta Air Lines, Inc. $DAL Shares Acquired by Capital International Investors

Capital International Investors grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,211,101 shares of the transportation company’s stock after buying an additional 1,012,265 shares during the quarter. Capital International Investors’ holdings in Delta Air Lines were worth $1,680,249,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DAL. Brighton Jones LLC grew its stake in shares of Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after acquiring an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines in the first quarter worth $178,000. Sivia Capital Partners LLC acquired a new position in shares of Delta Air Lines in the second quarter worth $555,000. Marshall Wace LLP grew its stake in shares of Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after acquiring an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after acquiring an additional 5,564 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John E. Laughter sold 15,000 shares of Delta Air Lines stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the sale, the executive vice president owned 54,369 shares in the company, valued at $3,893,364.09. This represents a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 149,635 shares of company stock worth $10,833,855 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DAL has been the subject of several research reports. Citigroup boosted their price target on shares of Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. TD Cowen boosted their price target on shares of Delta Air Lines from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. BNP Paribas Exane reduced their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Finally, HSBC reduced their price objective on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $79.55 on Friday. The company’s fifty day moving average price is $71.58 and its 200 day moving average price is $68.72. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $83.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The firm has a market capitalization of $52.26 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.30.

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

Delta Air Lines Announces Dividend

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

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.