Delta Air Lines, Inc. (NYSE:DAL) Holdings Lifted by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 417,070 shares of the transportation company’s stock after purchasing an additional 33,819 shares during the quarter. State of Tennessee Department of Treasury owned about 0.06% of Delta Air Lines worth $25,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after acquiring an additional 456,465 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock valued at $1,800,754,000 after purchasing an additional 1,922,932 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after purchasing an additional 410,648 shares during the period. Capital World Investors grew its position in Delta Air Lines by 0.3% in the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company’s stock valued at $918,419,000 after buying an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company’s stock worth $670,994,000 after acquiring an additional 92,208 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 3.4 %

NYSE:DAL opened at $39.45 on Tuesday. The stock’s 50-day moving average is $49.18 and its two-hundred day moving average is $57.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock has a market cap of $25.76 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. Delta Air Lines’s dividend payout ratio is 10.64%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of research analyst reports. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Raymond James dropped their price objective on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. TD Cowen raised their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, Citigroup lowered 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 research note on Tuesday, March 18th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

Insider Activity at Delta Air Lines

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 of the company’s stock, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the 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 transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,486 shares of company stock valued at $10,561,895. 0.96% of the stock is owned by corporate insiders.

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.