CIBC Asset Management Inc Has $5.92 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

CIBC Asset Management Inc raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,914 shares of the transportation company’s stock after acquiring an additional 4,208 shares during the quarter. CIBC Asset Management Inc’s holdings in Delta Air Lines were worth $5,924,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DAL. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Delta Air Lines by 3.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,645 shares of the transportation company’s stock valued at $1,303,000 after acquiring an additional 778 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Delta Air Lines by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock worth $1,877,000 after buying an additional 699 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Delta Air Lines by 302.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,288 shares of the transportation company’s stock worth $116,000 after buying an additional 1,719 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth $205,000. Finally, Oakworth Capital Inc. boosted its holdings in shares of Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 1.1 %

Shares of DAL stock opened at $65.04 on Thursday. The stock has a market cap of $42.05 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a fifty day moving average of $64.26 and a 200-day moving average of $56.11. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

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

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Activity

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup upped their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, UBS Group reiterated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $78.22.

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.