New York State Teachers Retirement System Buys 19,463 Shares of Delta Air Lines, Inc. (NYSE:DAL)

New York State Teachers Retirement System grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 583,734 shares of the transportation company’s stock after purchasing an additional 19,463 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Delta Air Lines worth $35,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines in the 3rd quarter valued at $189,296,000. Sanders Capital LLC boosted its position in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after buying an additional 453,926 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in Delta Air Lines by 325.7% in the 4th quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock valued at $35,865,000 after buying an additional 453,547 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of a number of recent research reports. Jefferies Financial Group increased their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, TD Cowen increased their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $65.41 on Friday. The company has a market capitalization of $42.21 billion, a PE ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock’s fifty day simple moving average is $64.14 and its 200 day simple moving average is $55.53.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the business posted $1.28 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

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.