Syon Capital LLC Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

Syon Capital LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,259 shares of the transportation company’s stock after purchasing an additional 951 shares during the period. Syon Capital LLC’s holdings in Delta Air Lines were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Navalign LLC raised its holdings in shares of Delta Air Lines by 1.7% in the 4th quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 293 shares in the last quarter. Summit X LLC increased its position in shares of Delta Air Lines by 1.1% during the 3rd quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock valued at $1,044,000 after purchasing an additional 307 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Delta Air Lines by 2.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock valued at $560,000 after purchasing an additional 332 shares during the last quarter. Telemus Capital LLC increased its position in shares of Delta Air Lines by 7.2% during the 3rd quarter. Telemus Capital LLC now owns 5,689 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 380 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Delta Air Lines by 2.2% during the 4th quarter. 180 Wealth Advisors LLC now owns 18,056 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction on 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 completion of the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders sold 195,913 shares of company stock valued at $8,897,335 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Up 0.1 %

DAL stock opened at $49.92 on Friday. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $50.24. The business has a fifty day moving average price of $45.03 and a 200-day moving average price of $40.21. 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 stock has a market capitalization of $32.21 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.74 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 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued 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 is Monday, May 13th. Delta Air Lines’s payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent research reports. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $58.29.

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.