PBU The Pension Fund of Early Childhood & Youth Educators Acquires Shares of 156,091 Delta Air Lines, Inc. $DAL

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 156,091 shares of the transportation company’s stock, valued at approximately $10,833,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. AlphaQuest LLC boosted its stake in Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after purchasing an additional 211 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Delta Air Lines during the 4th quarter worth $31,000. SWAN Capital LLC boosted its stake in Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in Delta Air Lines during the 4th quarter worth $34,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent research reports. Rothschild & Co Redburn lowered their target price on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Bank of America lowered their target price on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Seaport Research Partners lifted their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. HSBC reduced their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, Raymond James Financial increased their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $79.55 on Friday. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The business has a fifty day moving average of $71.58 and a two-hundred day moving average of $68.72. The company has a market cap of $52.26 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter last year, the company earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. Delta Air Lines’s payout ratio is presently 10.93%.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by company insiders.

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.