Delta Air Lines, Inc. $DAL Shares Purchased by Syon Capital LLC

Syon Capital LLC lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 43.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,543 shares of the transportation company’s stock after purchasing an additional 7,465 shares during the quarter. Syon Capital LLC’s holdings in Delta Air Lines were worth $1,703,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in shares of Delta Air Lines by 14.0% during the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after buying an additional 56,365 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $1,041,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Delta Air Lines by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock worth $7,438,000 after buying an additional 19,829 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of Delta Air Lines by 53.2% during the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock worth $6,395,000 after buying an additional 32,014 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its stake in shares of Delta Air Lines by 66.0% during the 3rd quarter. Ceredex Value Advisors LLC now owns 911,136 shares of the transportation company’s stock worth $51,707,000 after buying an additional 362,329 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

NYSE DAL opened at $79.55 on Monday. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $83.83. The company has a market capitalization of $52.26 billion, a P/E ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30. The business has a 50 day moving average price of $71.58 and a 200 day moving average price of $68.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last released 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 firm 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%.Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Rothschild & Co Redburn cut their target price on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company dropped their price objective on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Susquehanna dropped their price objective on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Finally, TD Cowen raised their price objective on Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.85.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 149,635 shares of company stock valued at $10,833,855. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Company Profile

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.