Cibc World Markets Corp Has $4.81 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Cibc World Markets Corp boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,449 shares of the transportation company’s stock after purchasing an additional 20,371 shares during the period. Cibc World Markets Corp’s holdings in Delta Air Lines were worth $4,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Delta Air Lines during the third quarter valued at approximately $517,000. Natixis Advisors LLC raised its position in Delta Air Lines by 12.9% in the 3rd quarter. Natixis Advisors LLC now owns 169,056 shares of the transportation company’s stock worth $8,587,000 after purchasing an additional 19,350 shares during the last quarter. Swiss National Bank raised its position in shares of Delta Air Lines by 0.7% during the 3rd quarter. Swiss National Bank now owns 478,900 shares of the transportation company’s stock valued at $24,323,000 after acquiring an additional 3,400 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $453,000. Finally, Pathstone Holdings LLC increased its position in shares of Delta Air Lines by 8.4% in the 3rd quarter. Pathstone Holdings LLC now owns 56,926 shares of the transportation company’s stock valued at $2,891,000 after buying an additional 4,413 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of research analyst reports. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Susquehanna lifted their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Barclays cut their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $76.29.

Delta Air Lines Stock Performance

NYSE DAL opened at $47.78 on Thursday. The firm’s fifty day moving average price is $61.50 and its two-hundred day moving average price is $58.07. The stock has a market cap of $30.89 billion, a PE ratio of 8.96, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. 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 (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Delta Air Lines’s dividend payout ratio is 11.26%.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last 90 days. 0.96% of the stock is owned by insiders.

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.