denkapparat Operations GmbH Acquires Shares of 4,442 Delta Air Lines, Inc. (NYSE:DAL)

denkapparat Operations GmbH acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, HoldingsChannel reports. The firm acquired 4,442 shares of the transportation company’s stock, valued at approximately $269,000.

Several other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in Delta Air Lines by 11.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 41,398 shares of the transportation company’s stock worth $2,103,000 after acquiring an additional 4,132 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Delta Air Lines by 3.2% in the third quarter. The Manufacturers Life Insurance Company now owns 404,638 shares of the transportation company’s stock valued at $20,552,000 after purchasing an additional 12,450 shares in the last quarter. Townsquare Capital LLC increased its position in Delta Air Lines by 2.6% in the third quarter. Townsquare Capital LLC now owns 44,735 shares of the transportation company’s stock worth $2,272,000 after purchasing an additional 1,143 shares during the last quarter. Bridgewater Associates LP raised its stake in Delta Air Lines by 31.2% during the third quarter. Bridgewater Associates LP now owns 232,401 shares of the transportation company’s stock valued at $11,804,000 after purchasing an additional 55,318 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Delta Air Lines by 5,514.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 400,000 shares of the transportation company’s stock valued at $20,316,000 after purchasing an additional 392,875 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DAL shares. TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Barclays lowered their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Citigroup cut their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Susquehanna raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.29.

Delta Air Lines Trading Down 5.1 %

Shares of DAL opened at $43.80 on Friday. The firm has a market capitalization of $28.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The company has a 50-day moving average of $58.94 and a 200 day moving average of $58.18.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 earnings per share. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 over the last three months. 0.96% of the stock is owned by corporate insiders.

About Delta Air Lines

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.