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

Cibc World Markets Corp boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 34.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GLOBALT Investments LLC GA acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $718,000. GWN Securities Inc. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $421,000. Harbour Investments Inc. raised its holdings in shares of Delta Air Lines by 3.5% during the fourth quarter. Harbour Investments Inc. now owns 9,438 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 317 shares during the period. one8zero8 LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $1,281,000. Finally, Natixis Advisors LLC raised its holdings in shares of Delta Air Lines by 4.4% during the fourth quarter. Natixis Advisors LLC now owns 176,560 shares of the transportation company’s stock valued at $10,682,000 after purchasing an additional 7,504 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DAL. UBS Group dropped their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $76.29.

Insider Activity

In other news, CEO Edward H. Bastian sold 91,710 shares of the 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % 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 in the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 4.0 %

Shares of DAL stock opened at $47.78 on Thursday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-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. The company has a 50-day simple moving average of $61.50 and a two-hundred day simple moving average of $58.07. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the firm posted $1.28 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

About Delta Air Lines

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.