Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 220.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,600,741 shares of the transportation company’s stock after buying an additional 5,914,301 shares during the quarter. Wellington Management Group LLP owned 1.34% of Delta Air Lines worth $346,008,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. American International Group Inc. lifted its position in Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after purchasing an additional 2,783 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Delta Air Lines by 132.3% in the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after buying an additional 265,852 shares in the last quarter. Capital Advisors Inc. OK acquired a new position in Delta Air Lines during the fourth quarter worth $4,241,000. Meeder Asset Management Inc. raised its position in Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock worth $3,124,000 after acquiring an additional 59,398 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Delta Air Lines by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after acquiring an additional 73,936 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity

In related news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,919 shares of company stock valued at $8,834,653. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 2.0 %

Shares of DAL opened at $49.71 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The company’s fifty day moving average is $50.31 and its two-hundred day moving average is $44.61. The firm has a market cap of $32.08 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, May 13th. Delta Air Lines’s payout ratio is currently 5.14%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DAL shares. Bank of America raised their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Citigroup upped their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Susquehanna increased their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $59.85.

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.