Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by LSV Asset Management

LSV Asset Management raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,320,447 shares of the transportation company’s stock after buying an additional 65,463 shares during the period. LSV Asset Management’s holdings in Delta Air Lines were worth $133,582,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after acquiring an additional 570 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $35,000. Robeco Institutional Asset Management B.V. increased its position in 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 buying an additional 1,224 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in Delta Air Lines in the third quarter valued at approximately $56,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter W. Carter sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,328 shares of the company’s stock, valued at approximately $7,166,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,073 shares of company stock worth $8,581,207. 0.89% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAL. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America lifted their target price 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. Finally, UBS Group initiated coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Price Performance

DAL traded up $0.52 on Friday, hitting $51.55. 9,165,946 shares of the company were exchanged, compared to its average volume of 12,487,077. The business’s fifty day moving average is $45.98 and its 200 day moving average is $40.72. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $51.65. 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 market capitalization of $32.99 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the business posted $0.25 EPS. Delta Air Lines’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.55 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s payout ratio is currently 5.14%.

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.