Fieldview Capital Management LLC Invests $1.37 Million in Delta Air Lines, Inc. $DAL

Fieldview Capital Management LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 19,690 shares of the transportation company’s stock, valued at approximately $1,366,000.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC raised 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 valued at $555,000 after purchasing 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 valued at $178,000. Sivia Capital Partners LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at $555,000. Marshall Wace LLP raised 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 valued at $385,000 after purchasing an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised 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 valued at $2,859,000 after purchasing an additional 5,564 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent research reports. Bank of America cut their target price on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Raymond James Financial upped their target price on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. Morgan Stanley increased their price objective on Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Seaport Research Partners increased their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Finally, Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 69,304 shares of the firm’s 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 in the company, valued at $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares in the company, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 149,635 shares of company stock worth $10,833,855 over the last 90 days. Insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $83.11 on Monday. The stock’s fifty day moving average is $73.02 and its 200-day moving average is $69.60. 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 has a market capitalization of $54.60 billion, a PE ratio of 12.12, a PEG ratio of 1.17 and a beta of 1.30. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.83.

Delta Air Lines (NYSE:DAL) last announced its 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. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

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.