LGT Capital Partners LTD. Raises Position in Delta Air Lines, Inc. (DAL)

LGT Capital Partners LTD. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 28.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 839,690 shares of the transportation company’s stock after purchasing an additional 185,740 shares during the period. Delta Air Lines comprises 3.2% of LGT Capital Partners LTD.’s portfolio, making the stock its 8th largest holding. LGT Capital Partners LTD.’s holdings in Delta Air Lines were worth $43,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Capital Investment Advisors LLC grew its position in Delta Air Lines by 3.8% in the fourth quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 231 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in Delta Air Lines by 1.7% in the fourth quarter. First Heartland Consultants Inc. now owns 16,428 shares of the transportation company’s stock valued at $820,000 after buying an additional 272 shares during the last quarter. Washington Trust Bank lifted its stake in Delta Air Lines by 141.3% in the first quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after buying an additional 284 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Delta Air Lines by 45.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock valued at $45,000 after buying an additional 285 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. lifted its stake in Delta Air Lines by 0.6% in the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,453 shares of the transportation company’s stock valued at $2,617,000 after buying an additional 290 shares during the last quarter. Institutional investors own 88.01% of the company’s stock.

Shares of DAL traded up $0.61 on Thursday, reaching $58.47. 545,540 shares of the stock traded hands, compared to its average volume of 8,208,196. The stock has a market cap of $38.67 billion, a PE ratio of 10.35, a P/E/G ratio of 0.69 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. Delta Air Lines, Inc. has a 12 month low of $45.08 and a 12 month high of $61.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. Delta Air Lines had a return on equity of 29.42% and a net margin of 8.78%. During the same period in the previous year, the business posted $0.74 earnings per share. Equities analysts forecast that Delta Air Lines, Inc. will post 6.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, February 28th. Delta Air Lines’s dividend payout ratio is presently 24.78%.

DAL has been the topic of a number of recent research reports. Credit Suisse Group set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, January 14th. Stephens reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Sunday, January 6th. Stifel Nicolaus lifted their price target on Delta Air Lines from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Buckingham Research lifted their price target on Delta Air Lines from $62.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $66.04.

In related news, COO W Gilbert West sold 21,000 shares of the business’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $50.49, for a total value of $1,060,290.00. Following the sale, the chief operating officer now owns 136,799 shares of the company’s stock, valued at approximately $6,906,981.51. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Berkshire Hathaway Inc purchased 2,345,077 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $49.37 per share, for a total transaction of $115,776,451.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,559,723 shares of company stock worth $176,077,837 and have sold 70,436 shares worth $3,602,036. Insiders own 0.33% of the company’s stock.

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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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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