Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,634 shares of the transportation company’s stock after buying an additional 1,838 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Delta Air Lines were worth $3,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $6,354,000. Norges Bank acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $152,342,000. Blair William & Co. IL increased its position in shares of Delta Air Lines by 5.4% in the fourth quarter. Blair William & Co. IL now owns 20,850 shares of the transportation company’s stock valued at $1,261,000 after buying an additional 1,068 shares in the last quarter. NEOS Investment Management LLC raised its stake in shares of Delta Air Lines by 30.9% during the 4th quarter. NEOS Investment Management LLC now owns 36,891 shares of the transportation company’s stock worth $2,232,000 after buying an additional 8,707 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in shares of Delta Air Lines by 16.7% during the 4th quarter. UniSuper Management Pty Ltd now owns 45,820 shares of the transportation company’s stock valued at $2,772,000 after buying an additional 6,564 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 2.8 %

Shares of DAL opened at $42.38 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $57.98 and a 200 day moving average price of $58.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The firm has a market capitalization of $27.40 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analyst Weigh In

DAL has been the subject of several recent analyst reports. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Barclays reduced their price target 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. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and an average target price of $74.29.

Insider Activity at Delta Air Lines

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 shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, 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 ninety days, insiders have sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines 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.