Delta Air Lines, Inc. $DAL Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 25.7% during the 4th quarter, Holdings Channel reports. The firm owned 141,795 shares of the transportation company’s stock after buying an additional 29,019 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Delta Air Lines were worth $9,841,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DAL. Brighton Jones LLC lifted its position in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth about $178,000. Sivia Capital Partners LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth about $555,000. Marshall Wace LLP lifted its position in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $76.62 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $50.34 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The company’s 50 day simple moving average is $72.41 and its 200-day simple moving average is $69.28. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $83.83.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 5.37 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the transaction, the executive vice president owned 138,854 shares in the company, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 149,635 shares of company stock worth $10,833,855. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several research reports. Morgan Stanley increased their price target on shares of Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wells Fargo & Company reduced their price target on shares of Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Susquehanna reduced their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Evercore reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Friday, April 17th. Finally, Citigroup raised their target price on shares of Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.85.

About Delta Air Lines

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.