Sienna Gestion Has $7.17 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Sienna Gestion raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 21.9% during the fourth quarter, HoldingsChannel reports. The firm owned 118,580 shares of the transportation company’s stock after acquiring an additional 21,291 shares during the quarter. Sienna Gestion’s holdings in Delta Air Lines were worth $7,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pzena Investment Management LLC bought a new position in Delta Air Lines in the third quarter valued at about $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Raymond James Financial Inc. bought a new position in Delta Air Lines in the 4th quarter valued at approximately $64,577,000. Sanders Capital LLC boosted its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Delta Air Lines by 325.7% during the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock worth $35,865,000 after buying an additional 453,547 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

NYSE DAL opened at $43.83 on Friday. The company has a market cap of $28.33 billion, a P/E ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. The company has a fifty day simple moving average of $62.58 and a 200 day simple moving average of $57.80. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the company earned $1.28 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.37%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DAL. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Citigroup upped their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $76.60.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, 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. In the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. Corporate insiders own 0.96% of the company’s stock.

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.