Dimensional Fund Advisors LP Buys 826,232 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Dimensional Fund Advisors LP boosted its position in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,374,052 shares of the transportation company’s stock after acquiring an additional 826,232 shares during the period. Dimensional Fund Advisors LP owned approximately 1.30% of Delta Air Lines worth $336,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of Delta Air Lines in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC increased its stake in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new position in Delta Air Lines in the third quarter valued at approximately $35,000. Massmutual Trust Co. FSB ADV increased its stake in Delta Air Lines by 147.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 855 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Delta Air Lines in the third quarter valued at approximately $56,000. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the sale, the executive vice president now owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. 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 90 days. 0.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DAL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Susquehanna boosted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Bank of America raised their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One investment 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. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $59.25.

Get Our Latest Report on Delta Air Lines

Delta Air Lines Stock Performance

DAL traded up $0.84 on Monday, hitting $53.34. The company’s stock had a trading volume of 3,763,148 shares, compared to its average volume of 10,486,591. The company’s 50 day simple moving average is $47.03 and its 200-day simple moving average is $41.46. The firm has a market cap of $34.14 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. 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 (NYSE:DALGet Free Report) last released its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the firm earned $0.25 EPS. Delta Air Lines’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post 6.66 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Delta Air Lines Company Profile

(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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