Livforsakringsbolaget Skandia Omsesidigt Purchases 100,902 Shares of Delta Air Lines, Inc. $DAL

Livforsakringsbolaget Skandia Omsesidigt lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 101.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,902 shares of the transportation company’s stock after buying an additional 100,902 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Delta Air Lines were worth $13,915,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DAL. AlphaQuest LLC increased its stake in shares of Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after purchasing an additional 211 shares during the last quarter. Accredited Wealth Management LLC increased its stake in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the 4th quarter worth $31,000. SWAN Capital LLC increased its stake in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Delta Air Lines in the fourth quarter worth $34,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other news, EVP Allison C. Ausband sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is owned by company insiders.

Delta Air Lines Stock Up 0.9%

Shares of Delta Air Lines stock opened at $79.51 on Friday. The stock has a market capitalization of $52.23 billion, a P/E ratio of 11.59, a PEG ratio of 1.11 and a beta of 1.30. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $71.35 and a two-hundred day moving average price of $68.64. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $83.83.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio is currently 10.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. TD Cowen increased their target price on shares of Delta Air Lines from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Bank of America lowered their target price on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Seaport Research Partners upped their target price on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Finally, Morgan Stanley upped their target price on Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday. One 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 stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Delta Air Lines Profile

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.