Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 656,703 shares of the transportation company’s stock after buying an additional 22,771 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Delta Air Lines worth $38,745,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Donoghue Forlines LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $2,036,000. Geode Capital Management LLC boosted its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after buying an additional 416,338 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $3,593,000. Global Financial Private Client LLC increased its stake in shares of Delta Air Lines by 562.0% in the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after buying an additional 9,559 shares during the last quarter. Finally, BluePath Capital Management LLC raised its holdings in Delta Air Lines by 23.9% in the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after acquiring an additional 4,567 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

DAL opened at $43.80 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $58.94 and its 200-day moving average is $58.29. The stock has a market cap of $28.31 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. UBS Group cut their price objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Citigroup lowered their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. TD Cowen raised their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Susquehanna boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $76.29.

Delta Air Lines 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.