Natixis Advisors LLC Has $10.68 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Natixis Advisors LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the 4th quarter, HoldingsChannel reports. The fund owned 176,560 shares of the transportation company’s stock after purchasing an additional 7,504 shares during the quarter. Natixis Advisors LLC’s holdings in Delta Air Lines were worth $10,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its holdings in Delta Air Lines by 534.8% during the 4th quarter. Picton Mahoney Asset Management now owns 34,280 shares of the transportation company’s stock worth $2,074,000 after purchasing an additional 28,880 shares during the last quarter. First Eagle Investment Management LLC increased its position in Delta Air Lines by 4.3% during the 4th quarter. First Eagle Investment Management LLC now owns 14,505 shares of the transportation company’s stock worth $878,000 after buying an additional 600 shares during the period. Sienna Gestion lifted its holdings in shares of Delta Air Lines by 21.9% during the fourth quarter. Sienna Gestion now owns 118,580 shares of the transportation company’s stock worth $7,173,000 after buying an additional 21,291 shares in the last quarter. Impact Capital Partners LLC bought a new stake in shares of Delta Air Lines in the fourth quarter valued at about $227,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 479,299 shares of the transportation company’s stock valued at $28,998,000 after acquiring an additional 5,640 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $47.78 on Thursday. The company’s 50 day moving average price is $61.50 and its two-hundred day moving average price is $58.07. The firm has a market capitalization of $30.89 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Analysts Set New Price Targets

Several brokerages have weighed in on DAL. Citigroup dropped their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. UBS Group reduced their price target on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $76.29.

Delta Air Lines 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.