Alaska Permanent Fund Corp Buys 394 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Alaska Permanent Fund Corp increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,794 shares of the transportation company’s stock after buying an additional 394 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Delta Air Lines were worth $2,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the period. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after buying an additional 311 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at $35,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Delta Air Lines by 1,302.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at approximately $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,913 shares of company stock worth $8,897,335. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group began coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 0.3 %

Shares of Delta Air Lines stock traded up $0.15 during trading on Thursday, reaching $48.09. 1,680,474 shares of the stock were exchanged, compared to its average volume of 10,747,186. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average is $44.65 and its 200 day moving average is $40.01. The firm has a market cap of $31.03 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

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.