University of Texas Texas AM Investment Management Co. Takes $955,000 Position in Delta Air Lines, Inc. $DAL

University of Texas Texas AM Investment Management Co. acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,762 shares of the transportation company’s stock, valued at approximately $955,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAL. Vanguard Personalized Indexing Management LLC raised its stake in Delta Air Lines by 7.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 105,083 shares of the transportation company’s stock valued at $7,293,000 after purchasing an additional 7,326 shares during the period. Venture Visionary Partners LLC lifted its stake in Delta Air Lines by 67.0% in the fourth quarter. Venture Visionary Partners LLC now owns 19,688 shares of the transportation company’s stock valued at $1,366,000 after acquiring an additional 7,897 shares during the last quarter. Panagora Asset Management Inc. grew its position in Delta Air Lines by 31.1% in the fourth quarter. Panagora Asset Management Inc. now owns 1,804,005 shares of the transportation company’s stock worth $125,198,000 after acquiring an additional 428,450 shares in the last quarter. Mariner LLC lifted its stake in shares of Delta Air Lines by 31.4% in the 4th quarter. Mariner LLC now owns 315,968 shares of the transportation company’s stock valued at $21,927,000 after purchasing an additional 75,425 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in Delta Air Lines by 137.7% in the fourth quarter. Focus Partners Wealth now owns 132,348 shares of the transportation company’s stock worth $9,174,000 after purchasing an additional 76,674 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,635 shares of company stock worth $10,833,855 in the last quarter. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Up 1.2%

DAL stock opened at $84.02 on Tuesday. The business’s 50-day simple moving average is $73.37 and its 200 day simple moving average is $69.75. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $55.20 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.30. Delta Air Lines, Inc. has a twelve month low of $45.28 and a twelve month high of $87.39.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period last year, the business earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DAL shares. Jefferies Financial Group boosted their target price on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, April 13th. HSBC decreased their price objective on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. BNP Paribas Exane cut their target price on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Raymond James Financial raised their price target on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Wolfe Research cut their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.85.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.