BlackRock Fund Advisors recently announced the acquisition of new stake in Delta Air Lines, Inc. (NYSE:DAL). The institutional investor has increased its shareholding in the Industrials company by 0.38% to 29.5 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 4.58% valued currently at $1.19 billion. In addition, Geode Capital Management LLC raised its holdings by 0.31 million to 13.81 million shares. And Renaissance Technologies LLC has lifted its position by 141.41% or 4.8 million shares – to 8.19 million shares.
Currently, there are 641.27M common shares owned by the public and among those 640.85M shares have been available to trade.
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Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 508,647 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 306,744 shares.
The top 3 mutual fund holders in Delta Air Lines, Inc. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and American Funds Growth Fund of Ame. Vanguard Total Stock Market ETF owns 20.23 million shares of the company’s stock, all valued at over $813.83 million. The company bought an additional 92541.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 29875.0 shares to see its total holdings expand to 15.71 million shares valued at over $631.99 million and representing 2.44% of the shares outstanding. American Funds Growth Fund of Ame now owns shares totaling to 2.44% of the shares outstanding.
However, the script later moved the day high at 38.25, down -2.13%. The company’s stock has a 5-day price change of -11.78% and 12.49% over the past three months. DAL shares are trading -7.33% year to date (YTD), with the 12-month market performance down to -2.87% lower. It has a 12-month low price of $30.60 and touched a high of $49.81 over the same period. DAL has an average intraday trading volume of 10.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.31%, -2.99%, and -4.23% respectively.
Institutional ownership of Delta Air Lines, Inc. (NYSE: DAL) shares accounts for 70.56% of the company’s 641.27M shares outstanding. Mutual fund holders own 31.69%, while other institutional holders and individual stakeholders account for 39.10% and 12.15% respectively.
It has a market capitalization of $23.99B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 5.21, while the earnings-per-share (ttm) stands at $7.16. The company has a PEG of 0.16 and a Quick Ratio of 0.33 with the debt-to-equity ratio at 2.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.25% over the week and 2.62% over the month.
Analysts forecast that Delta Air Lines, Inc. (DAL) will achieve an EPS of $United Airlines Holdings, Inc. for the current quarter, $38.82 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $American Airlines Group, Inc. while analysts give the company a high EPS estimate of $Halliburton Company. Comparatively, EPS for the current quarter was $Western Alliance Bancorporation a year ago. Earnings per share for the fiscal year are expected to increase by 3.27%, and 16.21% over the next financial year. EPS should grow at an annualized rate of 32.60% over the next five years, compared to 4.81% over the past 5-year period.
Looking at the support for the DAL, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on March 07, 2023, with the firm’s price target at $40-$47.
