Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by abrdn plc

abrdn plc lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,814 shares of the transportation company’s stock after purchasing an additional 29,400 shares during the period. abrdn plc’s holdings in Delta Air Lines were worth $7,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DAL. Caprock Group LLC lifted its stake in shares of Delta Air Lines by 89.6% in the 3rd quarter. Caprock Group LLC now owns 8,535 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 4,034 shares during the period. Czech National Bank increased its holdings in Delta Air Lines by 47.8% in the 3rd quarter. Czech National Bank now owns 112,471 shares of the transportation company’s stock worth $4,161,000 after acquiring an additional 36,387 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Delta Air Lines by 3.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 345,690 shares of the transportation company’s stock worth $12,791,000 after acquiring an additional 10,994 shares in the last quarter. Ballentine Partners LLC increased its holdings in Delta Air Lines by 94.6% in the 3rd quarter. Ballentine Partners LLC now owns 9,146 shares of the transportation company’s stock worth $338,000 after acquiring an additional 4,445 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. increased its holdings in Delta Air Lines by 0.9% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 34,868 shares of the transportation company’s stock worth $1,290,000 after acquiring an additional 315 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on DAL. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Finally, Bank of America upped their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $58.29.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction that occurred 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 directly owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The disclosure for this sale can be found here. Insiders have sold a total of 195,913 shares of company stock valued at $8,897,335 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 0.0 %

Shares of DAL opened at $49.90 on Friday. The stock has a market capitalization of $32.20 billion, a PE ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $50.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The company’s 50-day simple moving average is $45.03 and its 200-day simple moving average is $40.18.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. Analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.80%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Delta Air Lines Company Profile

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.