OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.08 Million Stock Holdings in Delta Air Lines, Inc. $DAL

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 49.0% in the fourth quarter, Holdings Channel reports. The firm owned 58,731 shares of the transportation company’s stock after selling 56,417 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Delta Air Lines were worth $4,076,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DAL. Life Cycle Investment Partners Ltd bought a new position in Delta Air Lines in the fourth quarter valued at approximately $471,532,000. Wellington Management Group LLP grew its stake in Delta Air Lines by 54.8% in the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after purchasing an additional 2,058,744 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Delta Air Lines by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after purchasing an additional 1,834,385 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Delta Air Lines by 55.0% in the fourth quarter. Allianz Asset Management GmbH now owns 4,327,719 shares of the transportation company’s stock valued at $300,344,000 after purchasing an additional 1,536,138 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Delta Air Lines by 16,044.7% in the third quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after purchasing an additional 1,255,495 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DAL. Raymond James Financial raised their price target 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. Bank of America decreased their price target on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Evercore restated an “outperform” rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Friday, April 17th. Jefferies Financial Group raised their price target on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Rothschild & Co Redburn decreased their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the transaction, the executive vice president owned 69,369 shares of the company’s stock, valued at $4,727,497.35. This represents a 49.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $84.02 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $87.39. The stock has a 50 day moving average of $73.37 and a 200-day moving average of $69.75. The company has a market capitalization of $55.20 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.17 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate 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 company 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 company posted $0.46 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 5.37 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is currently 10.93%.

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.