APG Asset Management N.V. Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

APG Asset Management N.V. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,900 shares of the transportation company’s stock, valued at approximately $5,136,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Vanguard Group Inc. increased its position in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock valued at $968,234,000 after acquiring an additional 410,648 shares in the last quarter. FMR LLC raised its position in shares of Delta Air Lines by 29.3% during the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock worth $602,327,000 after purchasing an additional 2,254,560 shares during the period. Boston Partners bought a new position in shares of Delta Air Lines in the 4th quarter worth $328,398,000. Finally, Charles Schwab Investment Management Inc. grew its position in Delta Air Lines by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company’s stock valued at $217,654,000 after purchasing an additional 100,102 shares during the period. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Susquehanna dropped their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday, April 7th. Barclays decreased their price objective on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $77.00 to $42.00 in a research note on Monday. Finally, Bank of America cut their target price on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.06.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 3.9 %

Shares of Delta Air Lines stock opened at $40.88 on Friday. The firm has a market cap of $26.43 billion, a PE ratio of 7.67, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock has a fifty day moving average price of $52.37 and a 200-day moving average price of $57.69.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. During the same quarter last year, the business posted $0.45 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

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.