Hosking Partners LLP grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 529,900 shares of the transportation company’s stock after buying an additional 14,089 shares during the period. Delta Air Lines accounts for 1.2% of Hosking Partners LLP’s portfolio, making the stock its 24th biggest position. Hosking Partners LLP’s holdings in Delta Air Lines were worth $36,775,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the period. Camelot Portfolios LLC bought a new position in Delta Air Lines in the fourth quarter worth $34,000. Accredited Wealth Management LLC raised its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Byrne Asset Management LLC bought a new position in Delta Air Lines in the fourth quarter worth $35,000. Finally, Beacon Financial Strategies CORP bought a new position in Delta Air Lines in the fourth quarter worth $36,000. 69.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. UBS Group increased their price objective on Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $81.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 14th. Finally, Barclays increased their price objective on Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One research 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, Delta Air Lines has an average rating of “Moderate Buy” and a consensus price target of $79.47.
Delta Air Lines Trading Down 0.0%
Shares of NYSE:DAL opened at $73.31 on Monday. The stock has a market capitalization of $48.16 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.08 and a beta of 1.25. 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’s 50-day simple moving average is $66.34 and its two-hundred day simple moving average is $66.29. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $76.39.
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 5.3 EPS for the current year.
Delta Air Lines Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s payout ratio is currently 10.93%.
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: UBS raised its price target on Delta to $95, highlighting confidence in the airline’s premium-cabin strategy and potential for stronger earnings per share, which can boost investor sentiment. UBS Just Hiked Delta Air Lines Price Target to $95: Premium Cabin Strategy Targets $13 EPS
- Positive Sentiment: Delta has outperformed since its last earnings report, suggesting the market is still rewarding the company’s recent quarterly results and outlook. Why Is Delta (DAL) Up 7.8% Since Last Earnings Report?
- Positive Sentiment: Airfare pricing across the industry is rising sharply after Spirit’s liquidation, which could support Delta’s revenue per seat if demand remains firm. Airfares skyrocket as much as 218% on Spirit Airlines’ busiest routes within just 48 hours of its May 2 liquidation
Insider Buying and Selling
In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on 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 sale, the executive vice president owned 69,369 shares of the company’s stock, valued at $4,727,497.35. The trade was a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alain Bellemare sold 20,621 shares of Delta Air Lines stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the sale, the executive vice president directly owned 120,025 shares in the company, valued at approximately $8,731,818.75. The trade was a 14.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 204,925 shares of company stock valued at $14,323,395. Corporate insiders own 0.80% of the company’s stock.
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.
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