Delta Air Lines, Inc. (NYSE:DAL) Position Increased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 26.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,147 shares of the transportation company’s stock after buying an additional 3,814 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Delta Air Lines were worth $1,098,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners acquired a new stake in Delta Air Lines during the fourth quarter worth about $328,398,000. Raymond James Financial Inc. acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $64,577,000. Vanguard Group Inc. lifted its holdings in shares of Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after purchasing an additional 456,465 shares during the last quarter. Retirement Systems of Alabama boosted its position in Delta Air Lines by 325.7% during the 4th quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock valued at $35,865,000 after purchasing an additional 453,547 shares during the period. Finally, Geode Capital Management LLC grew its stake in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 5.1 %

Delta Air Lines stock opened at $43.80 on Monday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm’s 50 day moving average price is $58.94 and its two-hundred day moving average price is $58.39. The firm has a market cap of $28.31 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

Insider Activity

In other news, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last 90 days. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DAL shares. UBS Group cut their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Citigroup reduced their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Finally, Barclays decreased their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $76.29.

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.