98,930 Shares in Delta Air Lines, Inc. (DAL) Acquired by Stoneridge Investment Partners LLC

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Stoneridge Investment Partners LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 98,930 shares of the transportation company’s stock, valued at approximately $5,110,000. Delta Air Lines comprises 1.5% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Washington Trust Bank grew its stake in Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 284 shares during the last quarter. Kistler Tiffany Companies LLC purchased a new stake in Delta Air Lines during the 1st quarter valued at about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Delta Air Lines during the 1st quarter valued at about $26,000. Northwest Wealth Management LLC purchased a new stake in Delta Air Lines during the 1st quarter valued at about $26,000. Finally, Paragon Capital Management LLC purchased a new stake in shares of Delta Air Lines in the first quarter worth about $26,000. Institutional investors and hedge funds own 91.31% of the company’s stock.

In other Delta Air Lines news, EVP Peter W. Carter sold 25,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the completion of the transaction, the executive vice president now owns 85,295 shares of the company’s stock, valued at $4,947,962.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Berkshire Hathaway Inc bought 1,202,961 shares of Delta Air Lines stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $49.65 per share, with a total value of $59,727,013.65. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,559,723 shares of company stock valued at $176,077,837 and sold 166,901 shares valued at $9,186,138. Corporate insiders own 0.33% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Citigroup upped their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Imperial Capital upped their target price on Delta Air Lines from $53.00 to $58.00 and gave the stock an “in-line” rating in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James upped their target price on Delta Air Lines from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Stephens set a $63.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $66.21.

NYSE DAL traded down $0.71 during trading hours on Thursday, reaching $57.14. The company’s stock had a trading volume of 218,926 shares, compared to its average volume of 7,619,254. The stock has a market capitalization of $38.15 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.70 and a beta of 1.08. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $61.32. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.39 billion. Delta Air Lines had a return on equity of 30.10% and a net margin of 9.09%. During the same quarter in the prior year, the firm posted $0.74 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 6.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 2nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.45%. Delta Air Lines’s payout ratio is 24.78%.

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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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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