Handelsbanken Fonder AB Has $11.51 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Handelsbanken Fonder AB cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,068 shares of the transportation company’s stock after selling 59,622 shares during the period. Handelsbanken Fonder AB’s holdings in Delta Air Lines were worth $11,509,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DAL. Invesco Ltd. grew its stake in shares of Delta Air Lines by 27.0% in the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after buying an additional 1,022,957 shares during the period. Morgan Stanley grew its stake in shares of Delta Air Lines by 8.7% in the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after buying an additional 865,746 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Delta Air Lines by 541.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 998,156 shares of the transportation company’s stock valued at $36,932,000 after buying an additional 842,487 shares during the period. U S Global Investors Inc. grew its stake in shares of Delta Air Lines by 21.1% in the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after buying an additional 773,636 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in shares of Delta Air Lines by 17.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after buying an additional 743,882 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 0.4 %

NYSE:DAL opened at $49.24 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $31.78 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The firm’s 50 day moving average is $44.51 and its 200 day moving average is $39.95. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Buying and Selling

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DAL. Bank of America lifted their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. UBS Group began coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Susquehanna lifted their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.