Delta Air Lines, Inc. $DAL Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 63.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,508 shares of the transportation company’s stock after buying an additional 57,169 shares during the quarter. CIBC Asset Management Inc’s holdings in Delta Air Lines were worth $10,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Financial Bank Trust Division boosted its stake in Delta Air Lines by 3.3% in the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after buying an additional 150 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in Delta Air Lines by 2.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after buying an additional 151 shares during the last quarter. Larson Financial Group LLC boosted its stake in Delta Air Lines by 2.4% in the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock worth $449,000 after buying an additional 152 shares during the last quarter. LRI Investments LLC boosted its stake in Delta Air Lines by 3.4% in the 4th quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock worth $322,000 after buying an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in Delta Air Lines by 25.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock worth $55,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group raised their price target on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Weiss Ratings lowered Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. TD Cowen raised their price target on Delta Air Lines from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Rothschild & Co Redburn decreased their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. One equities 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. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Price Performance

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

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis 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 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 value of $2,036,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 owned 133,854 shares of the company’s stock, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by insiders.

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.