Delta Air Lines, Inc. (DAL) Stake Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 36,696 shares of the transportation company’s stock after buying an additional 2,620 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $2,044,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in DAL. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $106,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $121,000. Advisory Services Network LLC boosted its stake in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the period. Blue Granite Capital LLC bought a new position in shares of Delta Air Lines in the third quarter worth about $162,000. Finally, Exane Derivatives boosted its stake in shares of Delta Air Lines by 193.1% in the third quarter. Exane Derivatives now owns 3,678 shares of the transportation company’s stock worth $177,000 after acquiring an additional 2,423 shares during the period. 85.14% of the stock is owned by hedge funds and other institutional investors.
In other Delta Air Lines news, COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total transaction of $504,540.00. Following the sale, the chief operating officer now directly owns 61,872 shares in the company, valued at $3,468,544.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George N. Mattson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the transaction, the director now owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders sold 363,447 shares of company stock worth $20,591,693 over the last quarter. 0.37% of the stock is owned by company insiders.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company 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 revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. analysts anticipate that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given 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 currently 24.70%.
A number of equities analysts have recently weighed in on the company. Stephens reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Thursday. Imperial Capital reaffirmed an “outperform” rating and issued a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.35.
Delta Air Lines Company Profile
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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