Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 145.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,618,627 shares of the transportation company’s stock after acquiring an additional 1,550,770 shares during the period. Jennison Associates LLC owned about 0.41% of Delta Air Lines worth $105,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after acquiring an additional 311 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth $35,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,224 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 3.0 %

NYSE DAL opened at $49.02 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a 50-day simple moving average of $44.33 and a 200 day simple moving average of $39.86. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The stock has a market cap of $31.63 billion, a PE ratio of 6.30, a PEG ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DAL. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Bank of America increased their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average target price of $58.29.

Insider Activity

In other news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

About Delta Air Lines

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.