OMERS ADMINISTRATION Corp Acquires 33,372 Shares of Delta Air Lines, Inc. $DAL

OMERS ADMINISTRATION Corp increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 580.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,117 shares of the transportation company’s stock after acquiring an additional 33,372 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Delta Air Lines were worth $2,600,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DAL. Lloyd Advisory Services LLC. acquired a new stake in Delta Air Lines in the fourth quarter worth $31,000. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $34,000. Cornerstone Planning Group LLC raised its holdings in shares of Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares during the period. Atlas Wealth LLC bought a new position in shares of Delta Air Lines during the 1st quarter worth about $35,000. Finally, Main Street Group LTD acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares in the company, valued at $10,552,904. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 65,331 shares of company stock worth $5,036,638. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $89.48 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The firm has a 50-day moving average of $84.56 and a 200-day moving average of $73.80. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The company has a market cap of $58.84 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.09 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.10 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is 14.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings raised Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Evercore raised their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen boosted their target price on shares of Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a research note on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.40.

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.