Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Altman Advisors Inc.

Altman Advisors Inc. lifted its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,004 shares of the transportation company’s stock after acquiring an additional 519 shares during the quarter. Altman Advisors Inc.’s holdings in Delta Air Lines were worth $1,529,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Delta Air Lines by 9.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 423,095 shares of the transportation company’s stock worth $16,391,000 after purchasing an additional 34,819 shares during the last quarter. Nordwand Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter valued at $40,000. First United Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter valued at $53,000. Partnership Wealth Management LLC acquired a new position in Delta Air Lines in the fourth quarter worth $267,000. Finally, Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after purchasing an additional 826,232 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of several analyst reports. Bank of America increased their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Susquehanna raised their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. UBS Group assumed coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. HSBC started coverage on shares of Delta Air Lines in a research note on Monday. They set a “buy” rating and a $72.80 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $59.25.

Check Out Our Latest Report on Delta Air Lines

Insider Transactions at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. Insiders have sold a total of 178,919 shares of company stock worth $8,834,653 in the last three months. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 0.4 %

DAL traded up $0.21 on Wednesday, reaching $53.27. The company’s stock had a trading volume of 5,654,123 shares, compared to its average volume of 10,420,048. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The stock has a 50 day moving average of $47.49 and a two-hundred day moving average of $41.84. The company has a market capitalization of $34.09 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 0.78 and a beta of 1.38.

Delta Air Lines (NYSE:DALGet Free Report) last announced its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. Delta Air Lines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.75%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

About Delta Air Lines

(Free Report)

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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