Capital International Sarl Has $13.49 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Capital International Sarl raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,903 shares of the transportation company’s stock after purchasing an additional 8,711 shares during the period. Capital International Sarl’s holdings in Delta Air Lines were worth $13,486,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $27,000. Hemington Wealth Management boosted its holdings in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $33,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $40.81 on Friday. 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 company’s 50 day simple moving average is $50.20 and its 200-day simple moving average is $57.35. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The stock has a market capitalization of $26.38 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

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

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. TD Cowen increased their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, April 10th. Citigroup cut their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Raymond James reduced their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. Finally, Susquehanna dropped their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.06.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was 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 directly owns 10,016 shares of the company’s stock, valued at $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders sold a total of 154,486 shares of company stock worth $10,561,895 in the last quarter. 0.96% of the stock is owned by company insiders.

Delta Air Lines 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.