UniSuper Management Pty Ltd Grows Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

UniSuper Management Pty Ltd grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,820 shares of the transportation company’s stock after buying an additional 6,564 shares during the period. UniSuper Management Pty Ltd’s holdings in Delta Air Lines were worth $2,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Delta Air Lines by 3.2% during the third quarter. The Manufacturers Life Insurance Company now owns 404,638 shares of the transportation company’s stock worth $20,552,000 after purchasing an additional 12,450 shares in the last quarter. Townsquare Capital LLC increased its position in Delta Air Lines by 2.6% during the 3rd quarter. Townsquare Capital LLC now owns 44,735 shares of the transportation company’s stock valued at $2,272,000 after buying an additional 1,143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Delta Air Lines by 16.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,571 shares of the transportation company’s stock valued at $1,857,000 after buying an additional 5,046 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Delta Air Lines by 2.8% in the third quarter. Public Sector Pension Investment Board now owns 90,741 shares of the transportation company’s stock worth $4,609,000 after acquiring an additional 2,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Delta Air Lines by 12.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,941 shares of the transportation company’s stock worth $67,548,000 after acquiring an additional 147,438 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Down 5.1 %

DAL opened at $43.80 on Friday. The company has a fifty day moving average of $58.94 and a two-hundred day moving average of $58.29. The stock has a market capitalization of $28.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. 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 quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Analysts Set New Price Targets

Several analysts have weighed in on DAL shares. UBS Group dropped their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Citigroup cut their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. TD Cowen lifted their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays decreased their target price 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 equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.