Arizona State Retirement System grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 206,124 shares of the transportation company’s stock after buying an additional 4,022 shares during the quarter. Arizona State Retirement System’s holdings in Delta Air Lines were worth $11,543,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Boston Partners lifted its position in shares of Delta Air Lines by 9.4% in the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock worth $475,158,000 after buying an additional 726,075 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after buying an additional 250,731 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Delta Air Lines by 12.3% in the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after buying an additional 449,700 shares during the last quarter. LSV Asset Management lifted its position in shares of Delta Air Lines by 2.6% in the fourth quarter. LSV Asset Management now owns 4,008,613 shares of the transportation company’s stock worth $224,482,000 after buying an additional 101,300 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Delta Air Lines by 35.8% in the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after buying an additional 1,055,182 shares during the last quarter. 85.14% of the stock is owned by institutional investors.
In related news, President Glen W. Hauenstein sold 31,600 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.83, for a total transaction of $1,764,228.00. Following the transaction, the president now directly owns 204,018 shares in the company, valued at $11,390,324.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George N. Mattson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the purchase, the director now directly owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders sold 363,447 shares of company stock worth $20,591,693 over the last quarter. 0.37% of the stock is currently owned by corporate insiders.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. research analysts predict that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a $0.305 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. Delta Air Lines’s payout ratio is presently 24.70%.
A number of analysts have weighed in on the company. Stephens set a $67.00 price target on Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a research report on Wednesday, November 29th. Finally, Cowen boosted their price target on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $65.35.
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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.
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