Aigen Investment Management LP Makes New $879,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Aigen Investment Management LP purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 14,529 shares of the transportation company’s stock, valued at approximately $879,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Delta Air Lines by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock valued at $272,000 after buying an additional 757 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $245,000. Harbor Capital Advisors Inc. grew its stake in shares of Delta Air Lines by 7.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,674 shares of the transportation company’s stock valued at $898,000 after buying an additional 1,252 shares during the period. Van ECK Associates Corp grew its stake in shares of Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after buying an additional 239 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of Delta Air Lines by 10.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,764 shares of the transportation company’s stock valued at $5,930,000 after buying an additional 10,881 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $56.83 on Thursday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company’s 50 day moving average price is $63.99 and its two-hundred day moving average price is $57.56. 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 $36.74 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last quarter. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Citigroup raised their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Company Profile

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.