TD Asset Management Inc Grows Position in Delta Air Lines, Inc. $DAL

TD Asset Management Inc increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 624,337 shares of the transportation company’s stock after buying an additional 166,541 shares during the period. TD Asset Management Inc’s holdings in Delta Air Lines were worth $43,329,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DAL. Brighton Jones LLC increased its stake in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth approximately $178,000. Sivia Capital Partners LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth approximately $555,000. Marshall Wace LLP increased its stake in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after buying an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 5,564 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DAL has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Wolfe Research dropped their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. UBS Group increased their price target on shares of Delta Air Lines from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Rothschild & Co Redburn dropped their price target on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.85.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares of the company’s stock, valued at $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $79.55 on Friday. The firm has a market capitalization of $52.26 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.30. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.83. The firm’s 50 day moving average is $71.58 and its two-hundred day moving average is $68.72. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.