Nomura Asset Management Co. Ltd. Boosts Stake in Delta Air Lines, Inc. $DAL

Nomura Asset Management Co. Ltd. grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,594 shares of the transportation company’s stock after buying an additional 9,821 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $3,521,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Delta Air Lines by 51.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 418,085 shares of the transportation company’s stock worth $18,229,000 after purchasing an additional 141,502 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Delta Air Lines by 4.4% during the first quarter. KLP Kapitalforvaltning AS now owns 68,601 shares of the transportation company’s stock worth $2,991,000 after buying an additional 2,900 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Delta Air Lines by 14.9% in the first quarter. AE Wealth Management LLC now owns 23,860 shares of the transportation company’s stock valued at $1,040,000 after buying an additional 3,088 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Delta Air Lines by 1.1% during the first quarter. Pinnacle Associates Ltd. now owns 85,565 shares of the transportation company’s stock valued at $3,731,000 after buying an additional 918 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent analyst reports. HSBC lifted their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. Seaport Global Securities raised their price objective on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Raymond James Financial lifted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Friday, October 10th. Bank of America upped their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Finally, TD Cowen raised their price target on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $71.68.

Delta Air Lines Stock Up 4.5%

Shares of NYSE:DAL opened at $58.47 on Friday. The stock has a 50-day simple moving average of $58.47 and a 200-day simple moving average of $55.22. The stock has a market capitalization of $38.18 billion, a P/E ratio of 8.24, a PEG ratio of 1.35 and a beta of 1.52. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion for the quarter. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is presently 10.56%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Company Profile

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.