Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1,700.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,909 shares of the transportation company’s stock after acquiring an additional 15,970 shares during the period. Headlands Technologies LLC’s holdings in Delta Air Lines were worth $680,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares during the period. Venturi Wealth Management LLC raised its holdings in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the period. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 1,224 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Delta Air Lines by 147.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 855 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE DAL traded up $0.04 during midday trading on Friday, reaching $49.92. 9,982,953 shares of the company traded hands, compared to its average volume of 12,289,924. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $50.24. The stock has a 50-day moving average price of $45.03 and a 200 day moving average price of $40.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.74 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the business earned $0.25 earnings per share. Delta Air Lines’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,913 shares of company stock worth $8,897,335. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $58.29.

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.