Syon Capital LLC Increases Position in Delta Air Lines, Inc. $DAL

Syon Capital LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 43.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,543 shares of the transportation company’s stock after buying an additional 7,465 shares during the period. Syon Capital LLC’s holdings in Delta Air Lines were worth $1,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors grew its position in shares of Delta Air Lines by 4.4% in the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares during the period. Geode Capital Management LLC grew its position in shares of Delta Air Lines by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after purchasing an additional 202,865 shares during the period. Bank of New York Mellon Corp grew its position in shares of Delta Air Lines by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after purchasing an additional 1,834,385 shares during the period. Capital World Investors grew its position in shares of Delta Air Lines by 0.6% in the fourth quarter. Capital World Investors now owns 8,395,096 shares of the transportation company’s stock valued at $582,620,000 after purchasing an additional 46,341 shares during the period. Finally, Life Cycle Investment Partners Ltd purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $471,532,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein lifted their price objective on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Seaport Research Partners lifted their price objective on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings downgraded Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company lowered their price objective on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock 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 Delta Air Lines stock in a transaction 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 transaction, the executive vice president owned 69,369 shares in the company, valued at approximately $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by insiders.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $79.55 on Monday. Delta Air Lines, Inc. has a twelve month low of $45.28 and a twelve month high of $83.83. The stock has a market capitalization of $52.26 billion, a P/E ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $71.58 and its 200 day moving average price is $68.81.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

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.