14,529 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,529 shares of the transportation company’s stock, valued at approximately $879,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pzena Investment Management LLC acquired a new position in Delta Air Lines during the third quarter worth approximately $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines during the third quarter worth approximately $189,296,000. Sanders Capital LLC increased its position in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Retirement Systems of Alabama increased its position in Delta Air Lines by 325.7% during the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock worth $35,865,000 after buying an additional 453,547 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 3.9 %

Shares of DAL opened at $56.83 on Thursday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The stock has a market capitalization of $36.74 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a fifty day moving average of $63.99 and a 200-day moving average of $57.56.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the company earned $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. Delta Air Lines’s payout ratio is 11.26%.

Insider Activity at Delta Air Lines

In related news, 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 value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the 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 $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 over the last three months. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DAL shares. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. UBS Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays upped their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

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.