Elo Mutual Pension Insurance Co Has $1.10 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Elo Mutual Pension Insurance Co boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 26.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,147 shares of the transportation company’s stock after purchasing an additional 3,814 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Delta Air Lines were worth $1,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $272,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Delta Air Lines by 3.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 656,703 shares of the transportation company’s stock valued at $38,745,000 after acquiring an additional 22,771 shares during the last quarter. Graney & King LLC bought a new stake in Delta Air Lines in the fourth quarter worth approximately $34,000. Blue Grotto Capital LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth $25,051,000. Finally, Signature Estate & Investment Advisors LLC raised its holdings in shares of Delta Air Lines by 4.9% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 52,390 shares of the transportation company’s stock valued at $3,170,000 after purchasing an additional 2,432 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $43.80 on Monday. The firm’s 50-day moving average is $58.94 and its 200-day moving average is $58.39. The company has a market cap of $28.31 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 analyst estimates of $14.20 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date 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 currently 11.26%.

Insider Activity

In other news, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred 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 $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Barclays reduced their target price on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $76.29.

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.