Nykredit A S Acquires New Holdings in Delta Air Lines, Inc. $DAL

Nykredit A S acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 64,494 shares of the transportation company’s stock, valued at approximately $6,041,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Trust Co LLC increased its stake in Delta Air Lines by 11.7% during the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock valued at $116,000 after buying an additional 130 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Delta Air Lines by 0.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after acquiring an additional 144 shares during the period. Utah Retirement Systems boosted its holdings in shares of Delta Air Lines by 0.3% in the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock valued at $3,652,000 after acquiring an additional 144 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of several recent analyst reports. Cantor Fitzgerald set a $112.00 target price on Delta Air Lines in a report on Tuesday, July 14th. Raymond James Financial decreased their price target on Delta Air Lines from $104.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, August 24th. TD Cowen decreased their price target on Delta Air Lines from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, August 24th. Citigroup lifted their price target on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings raised Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.84.

Insider Buying and Selling

In other news, CEO Edward Bastian sold 206,510 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total value of $19,164,128.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at $126,527,974.40. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David G. Dewalt sold 31,756 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the sale, the director owned 22,358 shares in the company, valued at $2,031,224.30. This represents a 58.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 356,726 shares of company stock valued at $33,081,037. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Down 0.0%

Shares of Delta Air Lines stock opened at $80.13 on Monday. The stock’s fifty day moving average is $86.59 and its 200-day moving average is $76.92. The firm has a market capitalization of $52.70 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12-month low of $55.03 and a 12-month high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.Delta Air Lines’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 earnings per share. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.23 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.215 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s payout ratio is currently 14.26%.

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.