Delta Air Lines, Inc. (NYSE:DAL) Holdings Raised by Russell Investments Group Ltd.

by · The Cerbat Gem

Russell Investments Group Ltd. raised its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,635,583 shares of the transportation company’s stock after acquiring an additional 37,967 shares during the quarter. Russell Investments Group Ltd.’s holdings in Delta Air Lines were worth $159,456,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter valued at about $27,000. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $29,000. Hemington Wealth Management lifted its stake in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Crews Bank & Trust acquired a new stake in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at approximately $33,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAL. Barclays decreased their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday. Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Raymond James cut their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and an average target price of $71.49.

View Our Latest Stock Report on DAL

Delta Air Lines Trading Down 4.1 %

Shares of Delta Air Lines stock opened at $37.13 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a market cap of $24.00 billion, a PE ratio of 6.97, a PEG ratio of 0.75 and a beta of 1.23. The firm has a 50-day moving average of $56.32 and a 200-day moving average of $58.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.62%. 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 other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by insiders.

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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