Capital World Investors Purchases 46,101 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Capital World Investors boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,180,467 shares of the transportation company’s stock after purchasing an additional 46,101 shares during the period. Capital World Investors owned 2.35% of Delta Air Lines worth $918,419,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the 4th quarter valued at approximately $27,000. Hemington Wealth Management raised its stake in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the fourth quarter worth $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at $33,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DAL. Susquehanna cut their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. TD Cowen raised their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. UBS Group lowered shares of Delta Air Lines from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $77.00 to $42.00 in a research note on Monday, April 7th. Finally, Dbs Bank downgraded shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,486 shares of company stock worth $10,561,895 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $40.81 on Friday. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm’s 50-day simple moving average is $49.72 and its 200 day simple moving average is $57.35.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

About Delta Air Lines

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.