Altshuler Shaham Ltd Acquires 1,077 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Altshuler Shaham Ltd increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,882 shares of the transportation company’s stock after purchasing an additional 1,077 shares during the quarter. Altshuler Shaham Ltd’s holdings in Delta Air Lines were worth $679,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley lifted its holdings in shares of Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after purchasing an additional 865,746 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Delta Air Lines by 17.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after acquiring an additional 743,882 shares in the last quarter. Northern Trust Corp lifted its stake in Delta Air Lines by 3.0% in the 3rd quarter. Northern Trust Corp now owns 4,966,330 shares of the transportation company’s stock valued at $183,754,000 after acquiring an additional 145,513 shares in the last quarter. Invesco Ltd. lifted its stake in Delta Air Lines by 27.0% in the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after acquiring an additional 1,022,957 shares in the last quarter. Finally, U S Global Investors Inc. lifted its stake in Delta Air Lines by 21.1% in the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after acquiring an additional 773,636 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on DAL. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Finally, UBS Group assumed coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $58.29.

Delta Air Lines Price Performance

Shares of NYSE DAL traded up $0.48 during mid-day trading on Thursday, reaching $52.76. The company had a trading volume of 4,601,177 shares, compared to its average volume of 10,611,410. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.00. The firm has a market cap of $33.77 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.76 and a beta of 1.38. The business’s 50-day simple moving average is $46.61 and its 200 day simple moving average is $41.17.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Activity at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred 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 completion of the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold 178,919 shares of company stock valued at $8,834,653 over the last ninety days. 0.89% of the stock is owned by corporate insiders.

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.