SBI Securities Co. Ltd. Takes $1.67 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

SBI Securities Co. Ltd. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,634 shares of the transportation company’s stock, valued at approximately $1,672,000.

A number of other large investors have also recently bought and sold shares of DAL. abrdn plc grew its stake in shares of Delta Air Lines by 36.0% in the 3rd quarter. abrdn plc now owns 135,098 shares of the transportation company’s stock valued at $6,859,000 after purchasing an additional 35,792 shares during the last quarter. Stephens Inc. AR lifted its holdings in shares of Delta Air Lines by 122.0% during the third quarter. Stephens Inc. AR now owns 35,436 shares of the transportation company’s stock worth $1,800,000 after purchasing an additional 19,477 shares during the period. Farther Finance Advisors LLC grew its position in Delta Air Lines by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock valued at $272,000 after buying an additional 757 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Delta Air Lines in the 3rd quarter valued at $245,000. Finally, Janney Montgomery Scott LLC increased its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after buying an additional 453,926 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DAL shares. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup boosted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Barclays upped their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Trading Up 0.6 %

NYSE:DAL opened at $60.09 on Monday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $64.33 and a 200-day simple moving average of $57.34. The company has a market capitalization of $38.85 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Profile

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.