EULAV Asset Management Has $3.89 Million Stock Holdings in Delta Air Lines, Inc. $DAL

EULAV Asset Management cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 12.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 56,062 shares of the transportation company’s stock after selling 7,938 shares during the quarter. EULAV Asset Management’s holdings in Delta Air Lines were worth $3,891,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Delta Air Lines by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock worth $1,215,766,000 after acquiring an additional 202,865 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Delta Air Lines by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock worth $659,043,000 after acquiring an additional 1,834,385 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in Delta Air Lines during the 4th quarter worth approximately $471,532,000. Wellington Management Group LLP boosted its position in Delta Air Lines by 54.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock worth $330,159,000 after acquiring an additional 2,058,744 shares during the last quarter. Finally, LSV Asset Management boosted its position in Delta Air Lines by 1.3% during the 3rd quarter. LSV Asset Management now owns 3,447,917 shares of the transportation company’s stock worth $195,669,000 after acquiring an additional 42,878 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.0%

NYSE DAL opened at $79.55 on Friday. The company has a market cap of $52.26 billion, a PE ratio of 11.60, a PEG ratio of 1.12 and a beta of 1.30. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $83.83. The stock has a 50 day moving average of $71.58 and a 200-day moving average of $68.72.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America reduced their price target on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Citigroup upped their price target on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein upped their price target on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Raymond James Financial upped their price target on Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 9th. Finally, UBS Group upped their price target on Delta Air Lines from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.