Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Syon Capital LLC

Syon Capital LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,259 shares of the transportation company’s stock after buying an additional 951 shares during the quarter. Syon Capital LLC’s holdings in Delta Air Lines were worth $332,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DAL. Migdal Insurance & Financial Holdings Ltd. increased its holdings in 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 purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in 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 purchasing an additional 575 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at $35,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Delta Air Lines during the third quarter worth about $56,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were 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 of the company’s stock, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders sold 195,913 shares of company stock worth $8,897,335 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of analyst reports. Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock 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 shares of 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 0.1 %

Delta Air Lines stock opened at $49.92 on Friday. The firm has a 50 day simple moving average of $45.03 and a 200-day simple moving average of $40.21. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market capitalization of $32.21 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $50.24.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during 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%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.