Headlands Technologies LLC Purchases 15,970 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Headlands Technologies LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 1,700.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,909 shares of the transportation company’s stock after buying an additional 15,970 shares during the period. Headlands Technologies LLC’s holdings in Delta Air Lines were worth $680,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after buying an additional 311 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Delta Air Lines by 1,302.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after buying an additional 1,224 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Delta Air Lines by 147.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock valued at $58,000 after buying an additional 855 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,913 shares of company stock worth $8,897,335. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

DAL has been the topic of a number of recent analyst reports. Bank of America increased their price objective 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. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded up $0.04 during trading on Friday, hitting $49.92. 9,982,953 shares of the company’s stock were exchanged, compared to its average volume of 12,289,924. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The business has a 50-day simple moving average of $45.03 and a 200-day simple moving average of $40.18. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $50.24. The stock has a market capitalization of $32.21 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.74 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter last year, the company posted $0.25 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.80%. Delta Air Lines’s dividend payout ratio is presently 5.14%.

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.