Clearbridge LLC Has $6.29 Million Stake in Delta Air Lines, Inc. (DAL)

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Clearbridge LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,085 shares of the transportation company’s stock after selling 885 shares during the quarter. Delta Air Lines makes up 1.9% of Clearbridge LLC’s portfolio, making the stock its 22nd biggest holding. Clearbridge LLC’s holdings in Delta Air Lines were worth $6,292,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Chiron Investment Management LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $14,951,000. MUFG Securities EMEA plc boosted its position in shares of Delta Air Lines by 1,830.8% in the fourth quarter. MUFG Securities EMEA plc now owns 347,281 shares of the transportation company’s stock worth $17,329,000 after buying an additional 329,295 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Delta Air Lines by 43.3% in the fourth quarter. Achmea Investment Management B.V. now owns 54,944 shares of the transportation company’s stock worth $2,742,000 after buying an additional 16,591 shares during the period. Delek Group Ltd. boosted its position in shares of Delta Air Lines by 22.6% in the fourth quarter. Delek Group Ltd. now owns 386,756 shares of the transportation company’s stock worth $19,817,000 after buying an additional 71,252 shares during the period. Finally, Jump Trading LLC boosted its position in shares of Delta Air Lines by 238.5% in the fourth quarter. Jump Trading LLC now owns 15,861 shares of the transportation company’s stock worth $791,000 after buying an additional 11,175 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

In other news, major shareholder Berkshire Hathaway Inc acquired 6,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $49.94 per share, for a total transaction of $324,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Mattson acquired 4,000 shares of the business’s stock in a transaction on Monday, December 17th. The shares were purchased at an average price of $52.87 per share, for a total transaction of $211,480.00. Following the purchase, the director now directly owns 72,530 shares of the company’s stock, valued at $3,834,661.10. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,567,723 shares of company stock worth $176,492,957 and sold 130,436 shares worth $6,602,036. Insiders own 0.33% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Deutsche Bank downgraded Delta Air Lines from a “buy” rating to a “hold” rating and set a $49.58 target price for the company. in a research report on Friday, March 1st. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Vertical Research assumed coverage on Delta Air Lines in a research report on Monday, February 4th. They issued a “hold” rating for the company. Credit Suisse Group set a $67.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Finally, Bank of America downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $51.00 in a research report on Monday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.60.

NYSE:DAL opened at $50.94 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.28 and a current ratio of 0.34. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32. The stock has a market capitalization of $34.40 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.42% and a net margin of 8.78%. The business had revenue of $10.74 billion for the quarter, compared to analysts’ expectations of $10.71 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s dividend payout ratio (DPR) is 24.78%.

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About Delta Air Lines

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 route network is centered on a system of hubs, international gateways, and airports 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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