TD Waterhouse Canada Inc. Has $4.21 Million Stake in Delta Air Lines, Inc. $DAL

TD Waterhouse Canada Inc. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 646.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,161 shares of the transportation company’s stock after buying an additional 39,112 shares during the period. TD Waterhouse Canada Inc.’s holdings in Delta Air Lines were worth $4,207,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in shares of Delta Air Lines during the second quarter valued at $1,182,646,000. Wellington Management Group LLP grew its holdings in shares of Delta Air Lines by 137.4% in the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after purchasing an additional 7,994,004 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $471,532,000. Pacer Advisors Inc. grew its holdings in shares of Delta Air Lines by 1,579.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after purchasing an additional 2,514,193 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Delta Air Lines by 44.3% during the 4th quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after purchasing an additional 1,890,521 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DAL. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 13th. UBS Group upped their price objective on shares of Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. BMO Capital Markets boosted their target price on Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Finally, Bank of America increased their price target on Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Twenty-three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.84.

Insiders Place Their Bets

In related news, Director Michael Huerta sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total value of $291,741.00. Following the completion of the sale, the director owned 32,525 shares of the company’s stock, valued at $3,060,927.75. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Peter Carter sold 39,900 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total transaction of $3,709,902.00. Following the completion of the transaction, the president owned 424,704 shares of the company’s stock, valued at $39,488,977.92. This trade represents a 8.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,726 shares of company stock valued at $33,081,037 over the last quarter. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Down 0.0%

Shares of NYSE DAL opened at $80.13 on Tuesday. The firm’s 50-day simple moving average is $86.33 and its 200 day simple moving average is $76.98. The company has a market cap of $52.70 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12-month low of $55.03 and a 12-month high of $95.68.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 6.23 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s payout ratio is currently 14.26%.

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.