Texas Permanent School Fund Corp Has $6.33 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Texas Permanent School Fund Corp decreased its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 0.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 132,273 shares of the transportation company’s stock after selling 488 shares during the period. Texas Permanent School Fund Corp’s holdings in Delta Air Lines were worth $6,332,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC grew its position in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the period. Manchester Capital Management LLC increased its stake in Delta Air Lines by 26,166.7% during the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares in the last quarter. Rise Advisors LLC lifted its stake in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after buying an additional 452 shares in the last quarter. Finally, Nordwand Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $40,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $495,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $495,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,919 shares of company stock worth $8,834,653. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL traded down $0.82 during midday trading on Friday, reaching $44.17. The stock had a trading volume of 2,580,171 shares, compared to its average volume of 9,600,563. The firm has a 50 day simple moving average of $50.07 and a 200-day simple moving average of $45.48. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The firm has a market cap of $28.50 billion, a PE ratio of 5.79, a P/E/G ratio of 0.82 and a beta of 1.35. 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:DALGet Free Report) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.68 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.5 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. Delta Air Lines’s payout ratio is presently 5.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. HSBC began coverage on Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Bank of America boosted their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Jefferies Financial Group decreased their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus price target of $60.36.

Get Our Latest Research Report on DAL

Delta Air Lines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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