RWC Asset Management LLP Boosts Stock Holdings in Delta Air Lines, Inc. $DAL

RWC Asset Management LLP grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 142,067 shares of the transportation company’s stock after purchasing an additional 15,882 shares during the period. RWC Asset Management LLP’s holdings in Delta Air Lines were worth $9,859,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DAL. Life Cycle Investment Partners Ltd purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $471,532,000. Wellington Management Group LLP grew its holdings in shares of Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after buying an additional 2,058,744 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Delta Air Lines by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after buying an additional 1,834,385 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Delta Air Lines by 16,044.7% during the third quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after buying an additional 1,255,495 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $86,931,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $79.55 on Monday. The business’s fifty day moving average price is $71.58 and its 200-day moving average price is $68.81. The stock has a market capitalization of $52.26 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $83.83.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities analysts predict that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is 10.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Raymond James Financial increased their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a report on Thursday, April 9th. Evercore reiterated an “outperform” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Friday, April 17th. BNP Paribas Exane cut their price target on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. HSBC cut their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Susquehanna cut their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.85.

Insider Activity at Delta Air Lines

In other news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president owned 54,369 shares of the company’s stock, valued at $3,893,364.09. This trade represents a 21.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by company insiders.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.