Fmr LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,742,670 shares of the transportation company’s stock after acquiring an additional 2,298,101 shares during the period. Fmr LLC owned about 1.43% of Delta Air Lines worth $486,161,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Delta Air Lines by 3,837.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock valued at $215,000 after acquiring an additional 10,440,934 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after purchasing an additional 50,255 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Delta Air Lines by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after purchasing an additional 532,550 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Delta Air Lines by 1.0% during the third quarter. Neuberger Berman Group LLC now owns 6,867,623 shares of the transportation company’s stock worth $397,155,000 after purchasing an additional 69,137 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Delta Air Lines by 19.9% during the third quarter. Morgan Stanley now owns 5,237,434 shares of the transportation company’s stock worth $302,881,000 after purchasing an additional 869,794 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

Shares of NYSE DAL opened at $52.18 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32. The stock has a market capitalization of $35.07 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.72 and a beta of 1.08.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.35 dividend. The ex-dividend date was Thursday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. Delta Air Lines’s dividend payout ratio is currently 24.78%.

In other Delta Air Lines news, Director Francis S. Blake bought 5,185 shares of the business’s stock in a transaction on Monday, January 28th. The shares were purchased at an average price of $48.17 per share, with a total value of $249,761.45. Following the completion of the acquisition, the director now directly owns 47,885 shares of the company’s stock, valued at approximately $2,306,620.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Berkshire Hathaway Inc bought 6,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $49.94 per share, for a total transaction of $324,610.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 3,559,723 shares of company stock worth $176,077,837 and sold 70,436 shares worth $3,602,036. Company insiders own 0.33% of the company’s stock.

DAL has been the topic of several research analyst reports. Imperial Capital increased their price target on shares of Delta Air Lines from $76.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 4th. Cowen reaffirmed an “outperform” rating and set a $67.00 price target on shares of Delta Air Lines in a research report on Friday, December 14th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, December 17th. Credit Suisse Group reaffirmed a “buy” rating and set a $71.00 price target on shares of Delta Air Lines in a research report on Monday, December 17th. Finally, Stephens reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Sunday, January 6th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $66.60.

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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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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