The Manufacturers Life Insurance Company raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 821,480 shares of the transportation company’s stock after buying an additional 50,409 shares during the period. The Manufacturers Life Insurance Company owned about 0.12% of Delta Air Lines worth $46,002,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. raised its position in shares of Delta Air Lines by 13.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock worth $10,376,000 after purchasing an additional 25,549 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Delta Air Lines by 85.6% during the 3rd quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after buying an additional 327,381 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Delta Air Lines by 253.3% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,696 shares of the transportation company’s stock valued at $16,219,000 after buying an additional 239,959 shares during the period. Principal Financial Group Inc. grew its stake in shares of Delta Air Lines by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,594,341 shares of the transportation company’s stock valued at $125,099,000 after buying an additional 114,863 shares during the period. Finally, Sowell Financial Services LLC grew its stake in shares of Delta Air Lines by 26.4% during the 3rd quarter. Sowell Financial Services LLC now owns 10,951 shares of the transportation company’s stock valued at $551,000 after buying an additional 2,290 shares during the period. 89.68% of the stock is currently owned by institutional investors.

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In other Delta Air Lines news, President Glen W. Hauenstein sold 31,600 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $55.83, for a total value of $1,764,228.00. Following the completion of the transaction, the president now directly owns 204,018 shares of the company’s stock, valued at $11,390,324.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul A. Jacobson sold 42,900 shares of Delta Air Lines stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $55.88, for a total transaction of $2,397,252.00. Following the sale, the chief financial officer now owns 373,870 shares of the company’s stock, valued at approximately $20,891,855.60. The disclosure for this sale can be found here. Insiders have sold a total of 323,638 shares of company stock valued at $18,537,123 over the last three months. 0.37% of the stock is currently owned by insiders.

Delta Air Lines, Inc. (NYSE:DAL) traded down $0.55 during trading hours on Wednesday, reaching $53.29. 1,391,767 shares of the company were exchanged, compared to its average volume of 8,888,954. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $37,800.00, a price-to-earnings ratio of 10.84, a PEG ratio of 0.72 and a beta of 1.16. 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 released its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $10.25 billion during 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 26.27%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS. equities analysts anticipate that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is currently 24.70%.

A number of analysts recently weighed in on DAL shares. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, February 8th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stephens restated a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, Cowen increased their price objective 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. One investment analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average target price of $67.05.

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About Delta Air Lines

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.

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

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