Delta Air Lines, Inc. $DAL Shares Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 120.4% during the fourth quarter, HoldingsChannel reports. The fund owned 89,810 shares of the transportation company’s stock after acquiring an additional 49,057 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Delta Air Lines were worth $6,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its stake in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after acquiring an additional 211 shares during the period. Accredited Wealth Management LLC increased its stake in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after acquiring an additional 476 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $31,000. SWAN Capital LLC increased its stake in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after acquiring an additional 508 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $34,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 1.2%

Shares of NYSE DAL opened at $84.02 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $87.39. The company has a market capitalization of $55.20 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. 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 firm’s 50-day moving average is $73.37 and its two-hundred day moving average is $69.75.

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

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio is 10.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DAL shares. Morgan Stanley boosted their price target on shares of Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. HSBC dropped 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 note on Thursday, April 9th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Susquehanna dropped their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. Finally, 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 report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.85.

Insider Buying and Selling 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 shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 149,635 shares of company stock valued at $10,833,855 over the last quarter. Corporate insiders own 0.80% of the company’s stock.

About Delta Air Lines

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.