Swedbank AB Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Swedbank AB bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 117,950 shares of the transportation company’s stock, valued at approximately $5,646,000.

Other large investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth $27,000. Venturi Wealth Management LLC raised its position in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after buying an additional 575 shares during the period. Manchester Capital Management LLC raised its position in shares of Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after buying an additional 785 shares during the period. Rise Advisors LLC raised its position in shares of Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after buying an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth $40,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the sale, the executive vice president now directly owns 112,421 shares in the company, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Down 4.0 %

Shares of DAL stock traded down $1.67 during trading hours on Friday, hitting $39.83. 9,378,288 shares of the company were exchanged, compared to its average volume of 11,232,310. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The business’s 50-day simple moving average is $47.24 and its two-hundred day simple moving average is $45.82. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 0.86 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same period in the previous year, the business posted $2.68 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.26 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen lowered their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group lowered their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $60.70.

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.