Highland Capital Management LLC Has $7.09 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Highland Capital Management LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 176,136 shares of the transportation company’s stock after buying an additional 1,812 shares during the period. Highland Capital Management LLC’s holdings in Delta Air Lines were worth $7,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock worth $382,000 after buying an additional 969 shares during the period. Royal London Asset Management Ltd. raised its holdings in Delta Air Lines by 17.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after buying an additional 743,882 shares during the period. Cozad Asset Management Inc. raised its holdings in Delta Air Lines by 150.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 178,080 shares of the transportation company’s stock worth $6,589,000 after buying an additional 106,940 shares during the period. Qsemble Capital Management LP acquired a new stake in Delta Air Lines during the 3rd quarter worth about $3,297,000. Finally, Zweig DiMenna Associates LLC raised its holdings in Delta Air Lines by 12.7% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 289,425 shares of the transportation company’s stock worth $10,709,000 after buying an additional 32,700 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.89% of the stock is owned by insiders.

Delta Air Lines Price Performance

Shares of DAL stock opened at $47.31 on Thursday. The stock’s fifty day moving average is $41.28 and its 200-day moving average is $38.63. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a market capitalization of $30.44 billion, a PE ratio of 6.62, a PEG ratio of 0.74 and a beta of 1.42. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $13.55 billion. During the same quarter last year, the business earned $1.48 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 6.57 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. UBS Group assumed coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $55.79.

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.