Delta Air Lines, Inc. $DAL Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 54.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,302 shares of the transportation company’s stock after purchasing an additional 15,531 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Delta Air Lines were worth $3,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock worth $330,159,000 after purchasing an additional 2,058,744 shares during the last quarter. Bank of New York Mellon Corp raised its position in Delta Air Lines by 23.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock worth $434,813,000 after buying an additional 1,447,058 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Delta Air Lines by 16,044.7% in the 3rd quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock worth $71,693,000 after acquiring an additional 1,255,495 shares during the period. Lansdowne Partners UK LLP boosted its holdings in shares of Delta Air Lines by 47.0% in the third quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company’s stock valued at $129,632,000 after acquiring an additional 730,368 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Delta Air Lines by 24.6% in the third quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock valued at $158,422,000 after acquiring an additional 550,480 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $73.31 on Friday. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The business’s 50 day simple moving average is $66.34 and its 200-day simple moving average is $66.29. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $76.39.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 5.3 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.1875 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: UBS raised its price target on Delta to $95, highlighting confidence in the airline’s premium-cabin strategy and potential for stronger earnings per share, which can boost investor sentiment. UBS Just Hiked Delta Air Lines Price Target to $95: Premium Cabin Strategy Targets $13 EPS
• Positive Sentiment: Delta has outperformed since its last earnings report, suggesting the market is still rewarding the company’s recent quarterly results and outlook. Why Is Delta (DAL) Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Airfare pricing across the industry is rising sharply after Spirit’s liquidation, which could support Delta’s revenue per seat if demand remains firm. Airfares skyrocket as much as 218% on Spirit Airlines’ busiest routes within just 48 hours of its May 2 liquidation

Insider Transactions at Delta Air Lines

In related news, EVP John E. Laughter sold 69,304 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $68.15, for a total value of $4,723,067.60. Following the sale, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. The trade was a 49.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alain Bellemare sold 35,212 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $75.20, for a total transaction of $2,647,942.40. Following the completion of the sale, the executive vice president directly owned 138,176 shares in the company, valued at approximately $10,390,835.20. The trade was a 20.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 278,737 shares of company stock worth $19,868,268. Corporate insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DAL shares. HSBC cut their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Citigroup boosted their target price on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Dbs Bank raised Delta Air Lines to a “moderate buy” rating in a research note on Monday, January 19th. Evercore reissued an “outperform” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Friday, April 17th. Finally, Zacks Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.47.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.