Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 903,496 shares of the transportation company’s stock after purchasing an additional 114,653 shares during the quarter. Sei Investments Co. owned about 0.14% of Delta Air Lines worth $54,663,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC purchased a new position in Delta Air Lines in the third quarter valued at about $453,000. Pathstone Holdings LLC raised its position in shares of Delta Air Lines by 8.4% during the 3rd quarter. Pathstone Holdings LLC now owns 56,926 shares of the transportation company’s stock worth $2,891,000 after purchasing an additional 4,413 shares during the last quarter. Commerce Bank lifted its stake in Delta Air Lines by 0.9% in the 3rd quarter. Commerce Bank now owns 28,910 shares of the transportation company’s stock valued at $1,468,000 after buying an additional 263 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Delta Air Lines during the third quarter valued at $379,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Delta Air Lines by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.1 %

Shares of NYSE DAL opened at $46.89 on Monday. The company has a market cap of $30.31 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The stock has a fifty day moving average price of $60.80 and a 200 day moving average price of $58.25.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate 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 business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

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

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.