BI Asset Management Fondsmaeglerselskab A S Grows Stock Holdings in Delta Air Lines, Inc. $DAL

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 219.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 606,344 shares of the transportation company’s stock after acquiring an additional 416,256 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Delta Air Lines were worth $42,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DAL. First Financial Bank Trust Division lifted its holdings in Delta Air Lines by 3.3% in the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 150 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in Delta Air Lines by 2.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 151 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after buying an additional 152 shares during the last quarter. LRI Investments LLC raised its position in shares of Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after buying an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in shares of Delta Air Lines by 25.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the transaction, the executive vice president directly owned 69,369 shares of the company’s stock, valued at $4,727,497.35. This trade represents a 49.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 149,635 shares of company stock valued at $10,833,855. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $79.55 on Friday. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.83. 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 company has a 50 day moving average price of $71.58 and a 200 day moving average price of $68.72. The firm has a market capitalization of $52.26 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued 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 during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.37 EPS for the current 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 given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 0.9%. Delta Air Lines’s dividend payout ratio is 10.93%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DAL shares. TD Cowen boosted their price objective on shares of Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Seaport Research Partners boosted their price objective on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Wolfe Research cut their price objective on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Sanford C. Bernstein boosted their price objective on shares of Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, BNP Paribas Exane cut their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.85.

About Delta Air Lines

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.