AIA Group Ltd Has $3.13 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

AIA Group Ltd increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 65.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,805 shares of the transportation company’s stock after purchasing an additional 30,900 shares during the quarter. AIA Group Ltd’s holdings in Delta Air Lines were worth $3,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DAL. Daiwa Securities Group Inc. raised its position in Delta Air Lines by 9.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 27,461 shares of the transportation company’s stock valued at $1,105,000 after purchasing an additional 2,455 shares during the last quarter. River Road Asset Management LLC lifted its position in Delta Air Lines by 245.2% during the 4th quarter. River Road Asset Management LLC now owns 613,068 shares of the transportation company’s stock worth $24,664,000 after buying an additional 435,452 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Delta Air Lines by 556.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,494 shares of the transportation company’s stock worth $183,000 after acquiring an additional 3,809 shares during the last quarter. Rakuten Securities Inc. bought a new stake in Delta Air Lines during the 4th quarter worth about $240,000. Finally, Guidance Capital Inc. increased its position in Delta Air Lines by 17.0% in the 4th quarter. Guidance Capital Inc. now owns 17,674 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 2,565 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the subject of a number of research reports. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Susquehanna lifted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Performance

NYSE:DAL traded up $0.08 during trading on Thursday, reaching $47.96. The company’s stock had a trading volume of 9,631,284 shares, compared to its average volume of 10,866,848. The firm has a market cap of $30.95 billion, a price-to-earnings ratio of 6.15, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a 50 day moving average of $43.87 and a 200-day moving average of $39.58.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.83%. Delta Air Lines’s payout ratio is 5.14%.

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.