Victory Capital Management Inc. Purchases 16,230 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Victory Capital Management Inc. grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 978,670 shares of the transportation company’s stock after acquiring an additional 16,230 shares during the quarter. Victory Capital Management Inc.’s holdings in Delta Air Lines were worth $39,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in Delta Air Lines by 1,302.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,224 shares in the last quarter. Raymond James & Associates raised its holdings in Delta Air Lines by 7.3% during the 3rd quarter. Raymond James & Associates now owns 598,661 shares of the transportation company’s stock valued at $22,150,000 after buying an additional 40,494 shares during the period. Stratos Wealth Partners LTD. lifted its position in Delta Air Lines by 11.9% in the third quarter. Stratos Wealth Partners LTD. now owns 24,216 shares of the transportation company’s stock worth $896,000 after buying an additional 2,580 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Delta Air Lines by 92.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,325 shares of the transportation company’s stock worth $5,340,000 after buying an additional 69,419 shares during the period. Finally, Mackenzie Financial Corp increased its position in Delta Air Lines by 18.4% during the third quarter. Mackenzie Financial Corp now owns 352,927 shares of the transportation company’s stock valued at $12,437,000 after acquiring an additional 54,878 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Up 2.7 %

Delta Air Lines stock opened at $52.93 on Tuesday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.00. The business has a fifty day moving average of $46.20 and a two-hundred day moving average of $40.95. The firm has a market cap of $33.87 billion, a P/E ratio of 6.80, a P/E/G ratio of 0.76 and a beta of 1.38. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,073 shares of company stock worth $8,581,207. Insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.