South Texas Money Management Ltd. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 116,178 shares of the transportation company’s stock, valued at approximately $6,506,000.

Other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its position in shares of Delta Air Lines by 68.0% in the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after purchasing an additional 61,298 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of Delta Air Lines by 13.5% in the third quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock valued at $10,376,000 after purchasing an additional 25,549 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of Delta Air Lines by 85.6% in the third quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after purchasing an additional 327,381 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in shares of Delta Air Lines by 253.3% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 334,696 shares of the transportation company’s stock valued at $16,219,000 after purchasing an additional 239,959 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Delta Air Lines by 4.6% in the third quarter. Principal Financial Group Inc. now owns 2,594,341 shares of the transportation company’s stock valued at $125,099,000 after purchasing an additional 114,863 shares during the last quarter. 85.09% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on DAL shares. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. increased their price target on Delta Air Lines from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $65.35.

In other Delta Air Lines news, EVP Peter W. Carter sold 19,809 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $50.42, for a total value of $998,769.78. Following the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at approximately $3,382,022.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 73,211 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now directly owns 338,719 shares in the company, valued at approximately $18,981,812.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 363,447 shares of company stock worth $20,591,693. Company insiders own 0.37% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $50.46 on Friday. The stock has a market capitalization of $35,976.62, a P/E ratio of 10.21, a P/E/G ratio of 0.68 and a beta of 1.15. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month high of $60.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 earnings per share. analysts forecast that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is presently 24.70%.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates 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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