Delta Air Lines, Inc. $DAL Stock Holdings Increased by Capital International Sarl

Capital International Sarl boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 148,113 shares of the transportation company’s stock after buying an additional 7,381 shares during the period. Capital International Sarl’s holdings in Delta Air Lines were worth $10,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Financial Bank Trust Division increased its holdings in Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock valued at $328,000 after buying an additional 150 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after buying an additional 151 shares during the last quarter. Larson Financial Group LLC increased its holdings in Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after buying an additional 152 shares during the last quarter. LRI Investments LLC increased its holdings in Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after buying an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in Delta Air Lines by 25.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after buying an additional 161 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $79.55 on Monday. 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 business has a 50 day moving average of $71.58 and a two-hundred day moving average of $68.81. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.83. The company has a market cap of $52.26 billion, a P/E ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30.

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

Delta Air Lines Dividend Announcement

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 dividend of $0.1875 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. Delta Air Lines’s payout ratio is currently 10.93%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Rothschild & Co Redburn lowered their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Sanford C. Bernstein lifted their target price on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Zacks Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Raymond James Financial lifted their target price on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Susquehanna decreased their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. One research 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.85.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the transaction, the executive vice president owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 149,635 shares of company stock worth $10,833,855. Company insiders own 0.80% of the company’s stock.

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.