Navalign LLC Purchases 293 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Navalign LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,402 shares of the transportation company’s stock after purchasing an additional 293 shares during the quarter. Navalign LLC’s holdings in Delta Air Lines were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Delta Air Lines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock worth $2,700,032,000 after buying an additional 1,267,578 shares during the last quarter. State Street Corp lifted its stake in Delta Air Lines by 2.3% in the second quarter. State Street Corp now owns 22,150,815 shares of the transportation company’s stock worth $1,053,050,000 after purchasing an additional 498,172 shares during the last quarter. Geode Capital Management LLC boosted its position in Delta Air Lines by 2.7% during the first quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock valued at $459,144,000 after buying an additional 351,286 shares during the period. Morgan Stanley grew its stake in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after buying an additional 865,746 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Delta Air Lines by 17.1% in the third quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after buying an additional 743,882 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Up 1.2 %

Shares of DAL traded up $0.56 on Thursday, hitting $47.87. 13,597,756 shares of the stock traded hands, compared to its average volume of 10,256,826. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The company has a market capitalization of $30.80 billion, a PE ratio of 6.70, a P/E/G ratio of 0.74 and a beta of 1.42. The business has a 50 day simple moving average of $41.49 and a 200 day simple moving average of $38.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.39.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $13.55 billion. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.57 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.59%.

Analyst Ratings Changes

Several equities analysts recently issued reports on DAL shares. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Finally, UBS Group initiated coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $55.79.

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.