Delta Air Lines, Inc. (DAL) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 336,806 shares of the transportation company’s stock after buying an additional 6,700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Delta Air Lines were worth $16,309,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Mountain Capital Investment Advisors Inc purchased a new position in Delta Air Lines in the 2nd quarter worth about $114,000. BB&T Investment Services Inc. purchased a new position in Delta Air Lines during the 2nd quarter valued at about $128,000. Bessemer Group Inc. increased its position in Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,298 shares during the period. Advisory Services Network LLC increased its position in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 75 shares during the period. Finally, IHT Wealth Management LLC increased its position in Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 220 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 894 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.50, for a total value of $50,511.00. Following the sale, the executive vice president now directly owns 72,393 shares of the company’s stock, valued at $4,090,204.50. The disclosure for this sale can be found here. Insiders sold 399,198 shares of company stock valued at $21,604,025 over the last three months. Corporate insiders own 0.37% of the company’s stock.

A number of analysts have recently weighed in on the stock. Stephens set a $67.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Cowen lifted their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective for the company. in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $63.83.

Shares of Delta Air Lines, Inc. (DAL) traded down $0.35 during trading hours on Friday, reaching $56.00. 3,115,296 shares of the company’s stock were exchanged, compared to its average volume of 6,720,000. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a one year low of $43.81 and a one year high of $56.84. The stock has a market capitalization of $39,930.00, a price-to-earnings ratio of 11.22, a PEG ratio of 2.02 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. equities analysts forecast that Delta Air Lines, Inc. will post 4.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s payout ratio is currently 24.45%.

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About Delta Air Lines

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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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