River Global Investors LLP Has $1.60 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

River Global Investors LLP lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,777 shares of the transportation company’s stock after selling 367 shares during the period. River Global Investors LLP’s holdings in Delta Air Lines were worth $1,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DAL. Measured Wealth Private Client Group LLC increased its stake in Delta Air Lines by 27.9% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 8,245 shares of the transportation company’s stock valued at $332,000 after buying an additional 1,798 shares during the period. TCG Advisory Services LLC acquired a new position in shares of Delta Air Lines in the fourth quarter worth $223,000. Axxcess Wealth Management LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth $367,000. LSV Asset Management boosted its position in Delta Air Lines by 2.0% during the fourth quarter. LSV Asset Management now owns 3,320,447 shares of the transportation company’s stock valued at $133,582,000 after purchasing an additional 65,463 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in Delta Air Lines by 17.0% in the fourth quarter. Merit Financial Group LLC now owns 14,106 shares of the transportation company’s stock valued at $567,000 after purchasing an additional 2,053 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock traded up $0.52 during trading on Friday, hitting $51.55. The company had a trading volume of 9,165,946 shares, compared to its average volume of 12,487,077. The company has a fifty day moving average price of $45.98 and a two-hundred day moving average price of $40.81. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $51.65. The company has a market cap of $32.99 billion, a P/E ratio of 6.63, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was 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 owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold 174,073 shares of company stock valued at $8,581,207 in the last three months. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAL. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $58.29.

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.