Mutual of America Capital Management LLC Has $3.48 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Mutual of America Capital Management LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,407 shares of the transportation company’s stock after selling 3,931 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Delta Air Lines were worth $3,476,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Delta Air Lines by 1.9% during 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 period. State Street Corp lifted its stake in Delta Air Lines by 2.8% in the first quarter. State Street Corp now owns 21,652,643 shares of the transportation company’s stock valued at $756,110,000 after buying an additional 579,727 shares during the period. Geode Capital Management LLC lifted its stake in Delta Air Lines by 2.7% in the first quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock valued at $459,144,000 after buying an additional 351,286 shares during the period. Morgan Stanley lifted its stake in Delta Air Lines by 8.7% in the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after buying an additional 865,746 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in Delta Air Lines by 17.1% in the third quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after buying an additional 743,882 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 2.9 %

NYSE:DAL opened at $47.88 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The company has a market cap of $30.90 billion, a PE ratio of 6.15, a PEG ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The stock has a 50-day simple moving average of $43.87 and a 200 day simple moving average of $39.58.

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

Delta Air Lines Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Delta Air Lines’s payout ratio is presently 5.14%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DAL shares. Bank of America increased 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. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average price target of $58.29.

About Delta Air Lines

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.