AMF Tjanstepension AB Reduces Holdings in Delta Air Lines, Inc. (NYSE:DAL)

AMF Tjanstepension AB reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 73.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,513 shares of the transportation company’s stock after selling 177,552 shares during the quarter. AMF Tjanstepension AB’s holdings in Delta Air Lines were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Delta Air Lines by 16.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock worth $272,000 after purchasing an additional 757 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Delta Air Lines by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock worth $229,000 after purchasing an additional 239 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Delta Air Lines by 10.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 116,764 shares of the transportation company’s stock worth $5,930,000 after purchasing an additional 10,881 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Delta Air Lines by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company’s stock worth $37,725,000 after purchasing an additional 19,124 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Delta Air Lines by 9.6% during the 3rd quarter. Fiera Capital Corp now owns 92,841 shares of the transportation company’s stock worth $4,715,000 after purchasing an additional 8,125 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 3.2 %

Shares of DAL stock opened at $53.18 on Friday. The stock has a market cap of $34.38 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The firm’s 50 day moving average price is $63.68 and its two-hundred day moving average price is $57.76.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for 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 period in the previous year, the company posted $1.28 earnings per share. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Activity

In related news, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was 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 of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last 90 days. Company insiders own 0.96% of the company’s stock.

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.