Alaska Permanent Fund Corp Buys 394 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Alaska Permanent Fund Corp grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,794 shares of the transportation company’s stock after purchasing an additional 394 shares during the period. Alaska Permanent Fund Corp’s holdings in Delta Air Lines were worth $2,406,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DAL. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after buying an additional 570 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $35,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 1,224 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value 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 $6,911,295.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,913 shares of company stock worth $8,897,335. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Morgan Stanley restated an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Finally, UBS Group assumed coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Stock Performance

DAL traded up $0.15 during trading on Thursday, reaching $48.09. 1,680,474 shares of the company’s stock were exchanged, compared to its average volume of 10,747,186. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The company’s fifty day simple moving average is $44.65 and its 200-day simple moving average is $40.01. The stock has a market capitalization of $31.03 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last posted 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 business had revenue of $13.75 billion for 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.83%. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Delta Air Lines Company 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.