Norinchukin Bank The Sells 18,439 Shares of Delta Air Lines, Inc. (DAL)

Norinchukin Bank The trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,677 shares of the transportation company’s stock after selling 18,439 shares during the quarter. Norinchukin Bank The’s holdings in Delta Air Lines were worth $3,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FDx Advisors Inc. lifted its holdings in shares of Delta Air Lines by 10.3% in the 4th quarter. FDx Advisors Inc. now owns 21,054 shares of the transportation company’s stock worth $1,179,000 after acquiring an additional 1,974 shares during the last quarter. Gendell Jeffrey L lifted its holdings in shares of Delta Air Lines by 172.8% in the 4th quarter. Gendell Jeffrey L now owns 905,104 shares of the transportation company’s stock worth $50,686,000 after acquiring an additional 573,340 shares during the last quarter. ARP Americas LP bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $336,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Delta Air Lines by 1.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 933,938 shares of the transportation company’s stock worth $52,301,000 after acquiring an additional 13,654 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Delta Air Lines by 4.5% in the 4th quarter. American International Group Inc. now owns 236,745 shares of the transportation company’s stock worth $13,258,000 after acquiring an additional 10,128 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

A number of equities research analysts have recently weighed in on DAL shares. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 target price on the stock. in a research note on Monday, November 13th. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen lifted their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and a consensus target price of $65.35.

Delta Air Lines, Inc. (NYSE:DAL) opened at $52.85 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market cap of $37,680.63, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.15. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. equities research analysts predict that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is presently 24.70%.

In other Delta Air Lines news, Director George N. Mattson bought 10,000 shares of Delta Air Lines stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, with a total value of $518,900.00. Following the transaction, the director now directly owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 73,211 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the completion of the sale, the chief executive officer now directly owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Insiders sold a total of 343,638 shares of company stock worth $19,592,923 over the last ninety days. Insiders own 0.37% of the company’s stock.

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Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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