Myriad Asset Management US LP Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Myriad Asset Management US LP purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,433 shares of the transportation company’s stock, valued at approximately $1,539,000.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its stake in Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after acquiring an additional 13,802 shares in the last quarter. KBC Group NV raised its stake in shares of Delta Air Lines by 143.7% during the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after purchasing an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares during the period. Donoghue Forlines LLC bought a new position in Delta Air Lines in the 4th quarter valued at about $2,036,000. Finally, River Road Asset Management LLC grew its position in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after buying an additional 24,249 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $65.41 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The company has a market cap of $42.21 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The firm’s 50 day simple moving average is $64.12 and its 200-day simple moving average is $55.38.

Delta Air Lines (NYSE:DAL) last released its earnings results 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 return on equity of 30.43% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm 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 of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. Delta Air Lines’s dividend payout ratio is 11.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Barclays upped their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup lifted 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. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $78.22.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines 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 owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last three months. 0.96% of the stock is owned by corporate insiders.

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.