Capital International Inc. CA Has $36.50 Million Stock Position in Delta Air Lines, Inc. $DAL

Capital International Inc. CA increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 525,993 shares of the transportation company’s stock after acquiring an additional 26,547 shares during the period. Capital International Inc. CA’s holdings in Delta Air Lines were worth $36,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in 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 worth $1,680,249,000 after purchasing an additional 1,012,265 shares during the period. Los Angeles Capital Management LLC increased its position in Delta Air Lines by 114.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,547,251 shares of the transportation company’s stock worth $107,379,000 after purchasing an additional 824,152 shares during the period. Modus Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter worth about $44,000. Cookson Peirce & Co. Inc. boosted its holdings in Delta Air Lines by 5.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 63,376 shares of the transportation company’s stock worth $4,398,000 after buying an additional 3,147 shares during the last quarter. Finally, XML Financial LLC bought a new position in Delta Air Lines during the fourth quarter worth about $276,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of recent analyst reports. HSBC reduced their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Jefferies Financial Group raised their target price on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Wolfe Research reduced their target price on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Rothschild & Co Redburn reduced their target price on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Morgan Stanley raised their target price on Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Trading Up 0.0%

NYSE:DAL opened at $79.55 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $83.83. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a market capitalization of $52.26 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The business’s 50-day simple moving average is $71.58 and its 200-day simple moving average is $68.72.

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 business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter in the previous year, the business posted $0.46 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal 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 issued a dividend of $0.1875 per share. 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 payout ratio is 10.93%.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction dated Friday, April 10th. The shares were 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 $4,727,497.35. This trade represents a 49.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 149,635 shares of company stock worth $10,833,855 in the last 90 days. 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.