Canada Pension Plan Investment Board boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,816 shares of the transportation company’s stock after buying an additional 6,100 shares during the period. Canada Pension Plan Investment Board’s holdings in Delta Air Lines were worth $15,526,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of DAL. Physicians Financial Services Inc. purchased a new stake in Delta Air Lines during the third quarter worth $110,000. Montgomery Investment Management Inc. increased its stake in Delta Air Lines by 94.4% in the third quarter. Montgomery Investment Management Inc. now owns 40,200 shares of the transportation company’s stock worth $1,581,000 after buying an additional 19,520 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Delta Air Lines by 6,058.3% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 162,886 shares of the transportation company’s stock worth $6,411,000 after buying an additional 160,241 shares in the last quarter. Nordea Investment Management AB increased its stake in Delta Air Lines by 0.3% in the third quarter. Nordea Investment Management AB now owns 1,851,607 shares of the transportation company’s stock worth $72,879,000 after buying an additional 5,604 shares in the last quarter. Finally, Willingdon Wealth Management increased its stake in Delta Air Lines by 24.0% in the third quarter. Willingdon Wealth Management now owns 12,400 shares of the transportation company’s stock worth $488,000 after buying an additional 2,400 shares in the last quarter. 79.44% of the stock is owned by institutional investors.
Delta Air Lines, Inc. (NYSE:DAL) traded up 0.12% on Friday, reaching $48.70. The company’s stock had a trading volume of 5,275,157 shares. The stock’s 50 day moving average price is $45.97 and its 200 day moving average price is $47.56. Delta Air Lines, Inc. has a 52-week low of $32.60 and a 52-week high of $52.76. The firm has a market cap of $35.45 billion, a PE ratio of 8.98 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be given a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a dividend yield of 1.66%. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.04%.
A number of research firms have recently weighed in on DAL. Morgan Stanley reissued an “overweight” rating and set a $60.00 target price on shares of Delta Air Lines in a report on Wednesday, February 22nd. Cowen and Company lifted their target price on Delta Air Lines from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $55.26 target price for the company. in a report on Monday, January 23rd. Finally, Imperial Capital restated an “in-line” rating and issued a $52.00 price target (up previously from $44.00) on shares of Delta Air Lines in a research report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.43.
In other news, CFO Paul A. Jacobson sold 20,100 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $50.09, for a total transaction of $1,006,809.00. Following the transaction, the chief financial officer now directly owns 386,070 shares in the company, valued at approximately $19,338,246.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Glen W. Hauenstein sold 43,717 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $50.82, for a total value of $2,221,697.94. Following the transaction, the president now owns 172,418 shares in the company, valued at $8,762,282.76. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 265,165 shares of company stock worth $271,000 and have sold 79,417 shares worth $4,028,631. 0.75% of the stock is currently owned by corporate insiders.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).