21,679 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,679 shares of the transportation company’s stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its stake in Delta Air Lines by 12.9% in the third quarter. Natixis Advisors LLC now owns 169,056 shares of the transportation company’s stock valued at $8,587,000 after acquiring an additional 19,350 shares in the last quarter. Swiss National Bank grew its holdings in shares of Delta Air Lines by 0.7% during the third quarter. Swiss National Bank now owns 478,900 shares of the transportation company’s stock valued at $24,323,000 after buying an additional 3,400 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at $453,000. Pathstone Holdings LLC raised its stake in Delta Air Lines by 8.4% in the 3rd quarter. Pathstone Holdings LLC now owns 56,926 shares of the transportation company’s stock worth $2,891,000 after acquiring an additional 4,413 shares during the last quarter. Finally, Caprock Group LLC lifted its position in Delta Air Lines by 15.0% during the 3rd quarter. Caprock Group LLC now owns 11,956 shares of the transportation company’s stock worth $607,000 after acquiring an additional 1,559 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $46.89 on Friday. The business has a fifty day moving average of $60.80 and a two-hundred day moving average of $58.02. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAL. Barclays reduced their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. TD Cowen increased their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Citigroup decreased their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $76.29.

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.