Bison Wealth LLC Sells 1,467 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Bison Wealth LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,306 shares of the transportation company’s stock after selling 1,467 shares during the period. Bison Wealth LLC’s holdings in Delta Air Lines were worth $213,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DAL. Parkside Financial Bank & Trust increased its position in Delta Air Lines by 10.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock worth $134,000 after buying an additional 258 shares during the last quarter. Forum Financial Management LP increased its position in Delta Air Lines by 3.5% in the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock worth $343,000 after buying an additional 292 shares during the last quarter. Navalign LLC boosted its holdings in shares of Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock worth $700,000 after acquiring an additional 293 shares during the period. Utah Retirement Systems boosted its holdings in shares of Delta Air Lines by 0.6% in the fourth quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company’s stock worth $1,785,000 after acquiring an additional 300 shares during the period. Finally, Summit X LLC boosted its holdings in shares of Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock worth $1,044,000 after acquiring an additional 307 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 2.9 %

NYSE DAL opened at $47.88 on Thursday. The stock’s 50-day simple moving average is $43.87 and its two-hundred day simple moving average is $39.58. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.70 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Bank of America raised their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $58.29.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

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.