Stifel Financial Corp Acquires 14,460 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Stifel Financial Corp raised its holdings in Delta Air Lines, Inc. (NYSE:DALFree Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,947 shares of the transportation company’s stock after buying an additional 14,460 shares during the period. Stifel Financial Corp owned about 0.08% of Delta Air Lines worth $21,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. International Assets Investment Management LLC grew its position in shares of Delta Air Lines by 132.3% in the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after purchasing an additional 265,852 shares during the last quarter. Capital Advisors Inc. OK acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $4,241,000. Meeder Asset Management Inc. grew its position in shares of Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after purchasing an additional 59,398 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Delta Air Lines by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after purchasing an additional 73,936 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in shares of Delta Air Lines by 21.1% in the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after purchasing an additional 773,636 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 24,073 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $1,176,206.78. Following the completion of the transaction, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders sold a total of 178,919 shares of company stock valued at $8,834,653 in the last three months. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 1.8 %

Shares of DAL opened at $51.02 on Monday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The stock has a market capitalization of $32.92 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.75 and a beta of 1.37. 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 stock has a fifty day moving average of $49.58 and a 200-day moving average of $43.53.

Delta Air Lines (NYSE:DALGet Free Report) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the prior year, the company earned $0.25 EPS. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DAL. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, HSBC began coverage on Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $59.85.

Get Our Latest Analysis on DAL

Delta Air Lines 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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