Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Savant Capital LLC

Savant Capital LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 81.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,306 shares of the transportation company’s stock after acquiring an additional 7,323 shares during the period. Savant Capital LLC’s holdings in Delta Air Lines were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DAL. Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the period. Raymond James & Associates lifted its holdings in shares of Delta Air Lines by 7.3% in the 3rd quarter. Raymond James & Associates now owns 598,661 shares of the transportation company’s stock worth $22,150,000 after purchasing an additional 40,494 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Delta Air Lines by 11.9% during the third quarter. Stratos Wealth Partners LTD. now owns 24,216 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 2,580 shares during the period. Telemus Capital LLC lifted its position in Delta Air Lines by 7.2% in the 3rd quarter. Telemus Capital LLC now owns 5,689 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 380 shares during the last quarter. Finally, Beacon Financial Advisory LLC acquired a new position in shares of Delta Air Lines during the third quarter worth approximately $205,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $51.55 on Friday. The company’s fifty day moving average is $45.98 and its two-hundred day moving average is $40.72. The company has a market cap of $32.99 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $51.65. 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:DALGet Free Report) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. Delta Air Lines’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Delta Air Lines, Inc. will post 6.55 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DAL shares. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. Finally, 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 report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average price target of $58.29.

Read Our Latest Analysis on Delta Air Lines

Insider Buying and Selling

In related news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $495,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,073 shares of company stock worth $8,581,207. 0.89% of the stock is owned by company insiders.

About Delta Air Lines

(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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