First Hawaiian Bank Purchases 2,300 Shares of Delta Air Lines, Inc. (NYSE:DAL)

First Hawaiian Bank grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,950 shares of the transportation company’s stock after acquiring an additional 2,300 shares during the period. First Hawaiian Bank’s holdings in Delta Air Lines were worth $852,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP grew its position in Delta Air Lines by 220.2% during the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after buying an additional 5,914,301 shares during the period. Capital International Investors grew its position in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after buying an additional 1,689,053 shares during the period. Norges Bank acquired a new stake in Delta Air Lines during the fourth quarter valued at $65,056,000. Jennison Associates LLC grew its position in Delta Air Lines by 145.2% during the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock valued at $105,347,000 after buying an additional 1,550,770 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after buying an additional 1,376,221 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

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 bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Willie Cw Chiang purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $878,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 4,846 shares of the company’s 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 $5,879,618.30. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the topic of several research reports. HSBC started coverage on shares of Delta Air Lines in a research note on Monday, May 13th. They issued a “buy” rating and a $72.80 price target on the stock. Citigroup lifted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen decreased their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Susquehanna boosted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.70.

Delta Air Lines Trading Down 4.6 %

NYSE DAL traded down $1.85 during mid-day trading on Monday, hitting $37.98. The company’s stock had a trading volume of 19,877,577 shares, compared to its average volume of 9,775,396. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market capitalization of $24.51 billion, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The stock’s fifty day simple moving average is $47.24 and its two-hundred day simple moving average is $45.94. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $15.45 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 6.26 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, July 30th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 8.63%.

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.