Sumitomo Mitsui Trust Holdings Inc. Has $15.92 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 395,735 shares of the transportation company’s stock after selling 2,394 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.06% of Delta Air Lines worth $15,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DAL. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of 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 purchasing an additional 570 shares during the period. Venturi Wealth Management LLC raised its holdings 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. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of 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 purchasing an additional 311 shares during the period. Headlands Technologies LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $35,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 1,224 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

NYSE DAL opened at $49.02 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 0.71 and a beta of 1.43. The firm’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $39.86. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. 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, April 11th. Finally, TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Company 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.