Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by OV Management LLC

OV Management LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,287 shares of the transportation company’s stock after purchasing an additional 3,186 shares during the quarter. Delta Air Lines makes up approximately 1.2% of OV Management LLC’s holdings, making the stock its 18th largest holding. OV Management LLC’s holdings in Delta Air Lines were worth $2,558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Delta Air Lines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after acquiring an additional 456,465 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Delta Air Lines by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock valued at $968,234,000 after buying an additional 410,648 shares during the period. Boston Partners acquired a new stake in shares of Delta Air Lines during the 4th quarter worth $328,398,000. Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company’s stock worth $217,654,000 after buying an additional 100,102 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Delta Air Lines by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company’s stock valued at $214,457,000 after acquiring an additional 274,067 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DAL shares. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Susquehanna increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Barclays decreased their price target on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $76.29.

Insider Transactions at Delta Air Lines

In other Delta Air Lines 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 transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the business’s 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 0.5 %

Delta Air Lines stock opened at $43.62 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm’s 50-day moving average is $58.50 and its 200-day moving average is $58.38. 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 company has a market cap of $28.20 billion, a P/E ratio of 8.18, a PEG ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

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.