Capital World Investors Purchases 46,341 Shares of Delta Air Lines, Inc. $DAL

Capital World Investors increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,395,096 shares of the transportation company’s stock after buying an additional 46,341 shares during the period. Capital World Investors’ holdings in Delta Air Lines were worth $582,620,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Capital International Investors boosted its position in Delta Air Lines by 4.4% during the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares during the last quarter. Geode Capital Management LLC boosted its position in Delta Air Lines by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after purchasing an additional 202,865 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Delta Air Lines by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after purchasing an additional 1,834,385 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $471,532,000. Finally, Wellington Management Group LLP boosted its position in Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after purchasing an additional 2,058,744 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DAL shares. Morgan Stanley increased their price target on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Wolfe Research reduced their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. HSBC reduced their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Citigroup raised their price objective on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and a consensus price target of $80.85.

Delta Air Lines Stock Performance

DAL opened at $79.55 on Monday. The stock has a market cap of $52.26 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30. 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, Inc. has a 12-month low of $45.28 and a 12-month high of $83.83. The business has a 50 day moving average of $71.58 and a 200-day moving average of $68.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities research analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Insider Transactions at Delta Air Lines

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 transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John E. Laughter sold 69,304 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the transaction, the executive vice president owned 69,369 shares in the company, valued at approximately $4,727,497.35. This trade represents a 49.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 149,635 shares of company stock worth $10,833,855. Company 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.