Centiva Capital LP Has $1.53 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Centiva Capital LP boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 229.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,288 shares of the transportation company’s stock after acquiring an additional 17,602 shares during the period. Centiva Capital LP’s holdings in Delta Air Lines were worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $328,398,000. Norges Bank acquired a new position in Delta Air Lines in the 4th quarter valued at $152,342,000. Adage Capital Partners GP L.L.C. lifted its position in shares of Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock valued at $184,784,000 after acquiring an additional 2,449,874 shares during the period. FMR LLC grew its holdings in shares of Delta Air Lines by 29.3% during the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock worth $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Dbs Bank cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. TD Cowen lifted their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. UBS Group downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $77.00 to $42.00 in a research report on Monday, April 7th. Finally, Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Moderate Buy” and an average target price of $61.06.

Delta Air Lines Trading Up 1.2 %

NYSE DAL opened at $45.37 on Thursday. The company has a market cap of $29.62 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average is $44.38 and its 200 day moving average is $56.47.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.64%.

Insider Activity

In related news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.96% of the company’s stock.

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.