Natixis Advisors LLC Has $17.95 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Natixis Advisors LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 258,689 shares of the transportation company’s stock after selling 24,823 shares during the quarter. Natixis Advisors LLC’s holdings in Delta Air Lines were worth $17,954,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DAL. Life Cycle Investment Partners Ltd acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $471,532,000. Wellington Management Group LLP raised its holdings in Delta Air Lines by 54.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after acquiring an additional 2,058,744 shares in the last quarter. Marshall Wace LLP raised its holdings in Delta Air Lines by 16,044.7% in the 3rd quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after acquiring an additional 1,255,495 shares in the last quarter. Norges Bank acquired a new position in Delta Air Lines in the 4th quarter valued at approximately $86,931,000. Finally, Lansdowne Partners UK LLP raised its holdings in Delta Air Lines by 47.0% in the 3rd quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company’s stock valued at $129,632,000 after acquiring an additional 730,368 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent research reports. Argus upped their price target on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Morgan Stanley upped their price target on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Jefferies Financial Group upped their price target on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a report on Monday, April 13th. Wolfe Research cut their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Bank of America lowered their price objective on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.85.

Insider Buying and Selling

In related news, EVP John E. Laughter sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the sale, the executive vice president directly owned 54,369 shares in the company, valued at $3,893,364.09. This represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,635 shares of company stock worth $10,833,855 in the last three months. Insiders own 0.80% of the company’s stock.

Delta Air Lines Trading Up 0.0%

DAL stock opened at $79.55 on Friday. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $83.83. The firm has a market cap of $52.26 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.30. The business’s 50 day moving average is $71.58 and its 200-day moving average is $68.72. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating 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 company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Delta Air Lines Company 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.