State of Alaska Department of Revenue Has $2.80 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

State of Alaska Department of Revenue lowered its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,505 shares of the transportation company’s stock after selling 6,945 shares during the quarter. State of Alaska Department of Revenue’s holdings in Delta Air Lines were worth $2,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Delta Air Lines by 1.9% in the first quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after acquiring an additional 1,267,578 shares during the last quarter. State Street Corp lifted its stake in Delta Air Lines by 2.3% in the second quarter. State Street Corp now owns 22,150,815 shares of the transportation company’s stock valued at $1,053,050,000 after acquiring an additional 498,172 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock worth $459,144,000 after buying an additional 351,286 shares during the last quarter. Morgan Stanley lifted its stake 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 worth $401,048,000 after buying an additional 865,746 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Delta Air Lines by 17.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after buying an additional 743,882 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $46.58 on Thursday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.54. The company has a 50-day simple moving average of $42.30 and a two-hundred day simple moving average of $38.90. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings data on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.35%. The business had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post 6.55 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.59%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of a number of research reports. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. Morgan Stanley raised their target price on shares of Delta Air Lines from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $56.36.

Read Our Latest Research Report on Delta Air Lines

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.

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

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