DekaBank Deutsche Girozentrale Has $2.06 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,934 shares of the transportation company’s stock after purchasing an additional 1,201 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Delta Air Lines were worth $2,059,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DAL. Migdal Insurance & Financial Holdings Ltd. grew its stake in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Delta Air Lines in the 4th quarter valued at $28,000. Venturi Wealth Management LLC grew its stake in 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 buying an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC grew its stake in Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after buying an additional 311 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Delta Air Lines in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.6 %

Shares of DAL stock opened at $46.86 on Friday. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company has a market capitalization of $30.24 billion, a P/E ratio of 6.02, a P/E/G ratio of 0.71 and a beta of 1.43. The firm has a 50-day moving average price of $43.44 and a 200 day moving average price of $39.37. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Analyst Ratings Changes

A number of research analysts recently issued reports on DAL shares. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $58.29.

Insider Activity 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 completion of the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

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.