Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 143.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,611 shares of the transportation company’s stock after purchasing an additional 33,378 shares during the period. KBC Group NV’s holdings in Delta Air Lines were worth $2,876,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DAL. Orion Portfolio Solutions LLC lifted its holdings in shares of Delta Air Lines by 4.9% during the first quarter. Orion Portfolio Solutions LLC now owns 24,781 shares of the transportation company’s stock worth $1,186,000 after purchasing an additional 1,161 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Delta Air Lines by 81.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 59,608 shares of the transportation company’s stock valued at $2,853,000 after acquiring an additional 26,788 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Delta Air Lines during the first quarter worth about $1,183,000. UniSuper Management Pty Ltd raised its holdings in Delta Air Lines by 743.9% during the first quarter. UniSuper Management Pty Ltd now owns 23,174 shares of the transportation company’s stock worth $1,109,000 after purchasing an additional 20,428 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Delta Air Lines by 5.0% in the first quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company’s stock valued at $1,166,000 after purchasing an additional 1,156 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $64.07 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The business’s fifty day moving average price is $53.06 and its two-hundred day moving average price is $48.70. The stock has a market cap of $41.34 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33. Delta Air Lines, Inc. has a one year low of $35.28 and a one year high of $66.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna raised their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Barclays lifted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $71.22.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This represents a 13.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 over the last 90 days. Insiders own 0.96% of the company’s stock.

Delta Air Lines 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.